Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This quarterly notice sets the interest rate on cash deposited as security for ICE immigration bonds at 3% per annum for the period from April 1, 2026 through June 30, 2026. The rate is determined by the Secretary of the Treasury as the lesser of the average 91-day Treasury bill bond equivalent rates from the preceding quarter or the statutory maximum of 3%. Federal law (8 U.S.C. 1363(a)) and regulation (8 CFR 293.2) cap the rate at 3% and prohibit negative rates. The rate applies only to cash bond deposits and accrues quarterly.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Interest rate set at 3% per annum for Q2 2026 (April 1 to June 30, 2026)
- Rate equals the lesser of average 91-day T-bill rates from prior quarter or 3%
- Statutory maximum interest rate remains capped at 3% per 8 U.S.C. 1363(a)
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Obligations
What this law requires
Set and apply the ICE Immigration Bond interest rate at 3% per annum for the period April 1, 2026 through June 30, 2026
Calculate quarterly interest rates as the lesser of: (1) the average of bond equivalent rates on 91-day Treasury bills auctioned during the preceding calendar quarter, or (2) 3% per annum, with a minimum floor of zero
Ensure interest rates on cash deposits securing immigration bonds do not exceed 3% per annum as required by 8 U.S.C. 1363(a)
Ensure interest rates on cash deposits securing immigration bonds are never negative, maintaining a minimum rate of zero as required by 8 CFR 293.2
Apply interest accrual on cash bond deposits on a quarterly basis during each calendar quarter