Immigration Bond Cash Earns 3% Interest This Quarter
Published Date: 4/4/2025
Notice
Summary
Starting April 1, 2025, through June 30, 2025, the interest rate on cash held for U.S. Immigration and Customs Enforcement bonds is set at 3%. This affects anyone who deposits money to secure immigration bonds, ensuring they earn interest up to 3% per year. The rate updates every quarter, so keep an eye out for changes!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
3% Interest for ICE Bond Cash (Apr–Jun 2025)
If you deposit cash to secure a U.S. Immigration and Customs Enforcement (ICE) immigration bond, the interest rate for the period April 1, 2025 through June 30, 2025 is 3.00% per year. The 3% rate applies to cash held to secure immigration bonds during that specific quarter.
Quarterly Rate Rule, 3% Cap and 0% Floor
Treasury sets the immigration-bond cash interest rate each calendar quarter. The rate equals the lesser of (a) the average bond-equivalent rates on 91-day Treasury bills auctioned during the preceding calendar quarter or (b) 3.00% per annum, and in no case will it be less than 0.00%. Treasury posts the current quarterly rate in Table 2b (Interest Rates for Specific Legislation) on the TreasuryDirect website.
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Key Dates
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