1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter II - Fiscal Service, Department of the Treasury
  5. Subchapter A - Bureau of the Fiscal Service
  6. Part 359 - Offering of United States Savings Bonds, Series I
  7. Subpart A - General Information
  8. 31 CFR § 359.16
31 CFR § 359.16
When does interest accrue on Series I savings bonds?
July 31, 2023
CFR
Editorial Note on Subchapter A of Chapter II

Editorial Note:

Nomenclature changes to subchapter A appear at 78 FR 60697, Oct. 2, 2013.

§ 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.

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§ 359.15 When is the composite rate applied to Series I savings bonds?
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§ 359.17 When is interest payable on Series I savings bonds?

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