other · Fiscal Service · Rule · Published 2008-11-04 · Effective 2008-11-04 · 73 FR 65543
Document
Document number
E8-26173
Federal Register citation
73 FR 65543
CFR reference
31 CFR 359
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2008-11-04
Effective date
2008-11-04
Abstract
A Series I savings bond accrues interest based on both a fixed rate of return and a semiannual inflation rate. A single, annual interest rate called the composite rate reflects the combined effects of the fixed rate and the semiannual inflation rate. This amendment clarifies that the fixed rate of return and the composite rate will always be greater than or equal to 0%. This amendment is for clarification purposes only and makes no substantive change to the existing regulations.