§ 359.8. How does interest accrue on Series I savings bonds?
47 words·~1 min read·
/us/cfr/t31/s§ 359.8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.