The U.S. Department of the Treasury announced that the interest rate for cash deposits securing U.S. Immigration and Customs Enforcement immigration bonds is set at 0.09% per year for the period from January 1, 2021, to March 31, 2021. This rate is determined quarterly and is based on 91-day Treasury bills, ensuring it does not exceed 3% or fall below zero percent per year. For more details, individuals can contact either Will Walcutt or Ryan Hanna from the Treasury's Funds Management Division. The official notice is also available on the Treasury's and the Federal Register's websites.
Simple Explanation
The U.S. Treasury said that if someone puts money aside for a special immigration bond from January to March 2021, they will get a very tiny bit of extra money called interest, just 0.09% for the year, like earning 9 pennies for every 100 dollars.