Government Pays You Interest on Immigration Bail Money
Published Date: 1/8/2025
Notice
Summary
Starting January 1, 2025, through March 31, 2025, the interest rate on cash held for U.S. Immigration and Customs Enforcement (ICE) immigration bonds is set at 3%. This means anyone who deposits money to secure these bonds will earn interest at this rate during this period. The rate updates every quarter, so keep an eye out for changes!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
3% Interest on ICE Immigration Bonds
If you deposit cash to secure a U.S. Immigration and Customs Enforcement (ICE) immigration bond between January 1, 2025 and March 31, 2025, you will earn interest at 3.00% per year for that period. This rate applies to cash held for those immigration bonds during those dates.
Quarterly Rate Formula and Publication
Treasury will set the interest rate each calendar quarter. For each quarter the rate equals the lesser of the average bond-equivalent rates on 91-day Treasury bills auctioned during the preceding calendar quarter or 3% per year, but in no case will it be less than zero, and Treasury posts the current quarterly rate in Table 2b on the TreasuryDirect website.
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