31 C.F.R. § 351.30

Current through September 30, 2024
Section 351.30 - What are interest rates and monthly accruals for Series EE bonds with issue dates of May 1, 1997, through April 1, 2005, during the original maturity period?

Savings bond rates (defined in § 351.13 ) apply to earnings during the first semiannual rate period beginning on or after the effective date of the rate. Interest is credited on the first day of each month and compounded semiannually. Interest accrues beginning with the fourth month from the issue date. For example, a bond issued in January has interest first credited on May 1, which represents one month of interest because of the 3-month interest penalty. The following table shows, for any given month of issue with rates announced each May and November, the months making up the semiannual rate period during which interest is earned at the announced rate (disregarding the penalty for bonds redeemed prior to 5 years after the issue date) and the months in which the bonds increase in value. This rate is an annual rate compounded semiannually.

If issue month is-And rate announcement/effective date is-Then, semiannual rate periods in which interest is earned include months of-And bonds increase in value on 1st day of months of-
Jan. or JulMay 1Jul. through DecAug. through Jan.
Feb. or AugMay 1Aug. through JanSep. through Feb.
Mar. or SepMay 1Sep. through FebOct. through Mar.
Apr. or OctMay 1Oct. through MarNov. through Apr.
May or NovMay 1May through OctJun. through Nov.
Jun. or DecMay 1Jun. through NovJul. through Dec.
Jan. or JulNov. 1Jan. through JunFeb. through Jul.
Feb. or AugNov. 1Feb. through JulMar. through Aug.
Mar. or SepNov. 1Mar. through AugApr. through Sep.
Apr. or OctNov. 1Apr. through SepMay through Oct.
May or NovNov. 1Nov. through AprDec. through May.
Jun. or DecNov. 1Dec. through MayJan. through Jun.

31 C.F.R. §351.30