31 CFR 347.15 - Computation of interest.

Regulations last checked for updates: May 17, 2024

Title 31 - Money and Finance: Treasury last revised: May 10, 2024

View all text of Subpart B [§ 347.10 - § 347.16]

§ 347.15 - Computation of interest.

Retirement savings bonds under this subpart earn interest at the same annual percentage rate as securities issued to the Government Securities Investment Fund (G Fund) in the Thrift Savings Plan for federal employees. The Secretary calculates the G Fund interest rate pursuant to 5 U.S.C. 8438(e)(2). The retirement savings bond interest rate compounds daily at 1/360 of the annual percentage rate. Retirement savings bonds will cease to accrue interest on the date of their maturity.

[82 FR 6246, Jan. 19, 2017]

authority: 5 U.S.C. 301; 12 U.S.C. 90; 31 U.S.C. 3105.

source: 79 FR 74024, Dec. 15, 2014, unless otherwise noted.

cite as: 31 CFR 347.15