Type:Notice
Citation:90 FR 1597
Reading Time:about a minute or two
The Department of the Treasury has announced that the interest rate for U.S. Immigration and Customs Enforcement Immigration Bonds is set at 3% per annum for the period from January 1, 2025, to March 31, 2025. This rate is determined by the Secretary of the Treasury and cannot exceed 3% or be less than zero. Interest is calculated quarterly based on the average rates of 91-day Treasury bills from the preceding quarter. More information can be found on the Treasury and Federal Register websites.
Simple Explanation
The U.S. Department of the Treasury says that if you give them money to hold for certain immigration bonds, they'll pay you back a little extra—3% more—for keeping it with them from the start of 2025 until the end of March 2025.