31 C.F.R. § 359.16 When does interest accrue on Series I savings bonds?
Title 31 - Money and Finance: Treasury
(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.
Title 31: Money and Finance: Treasury
PART 359—OFFERING OF UNITED STATES SAVINGS BONDS, SERIES I
Subpart A—General Information
§ 359.16 When does interest accrue on Series I savings bonds?
