31 C.F.R. § 359.16

Current through September 30, 2024
Section 359.16 - When does interest accrue on Series I savings bonds?
(a) Interest, if any, accrues on the first day of each month; that is, we add the interest earned on a bond during any given month to its value at the beginning of the following month.
(b) The accrued interest compounds semiannually.

31 C.F.R. §359.16