§359.8. How does interest accrue on Series I savings bonds?
31 C.F.R. § 359.8
A bond accrues interest based on both a fixed rate of return and a semiannual inflation rate. A single, annual rate called the composite rate reflects the combined effects of the fixed rate and the semiannual inflation rate. For more information, see appendix B of part 359.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105.
Source
Source: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.