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Electronic Code of Federal Regulations

e-CFR data is current as of January 23, 2020

Title 31Subtitle BChapter IISubchapter APart 347Subpart C → §347.35


Title 31: Money and Finance: Treasury
PART 347—REGULATIONS GOVERNING RETIREMENT SAVINGS BONDS
Subpart C—Auto-IRA Programs


§347.35   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 or call.

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