GIC Accrued Interest and FBAR Maximum Account Value

[uscanada22]

Hi,

Question about GIC accrued interest and maximum account value on FBAR.

Should accrued interest in a non-registered GIC account be included in the maximum account value on an FBAR?

For example, consider a $20,000 GIC purchased on 9/1/2023, maturing 8/31/2024 (simple interest, paid at maturity).

If, on December 31, the "balance" in the GIC is $20,000, but there is accrued interest of $250 as of 12/31/2023, is the maximum account value $20,000 or $20,250 for the FBAR?

Thanks in advance!

[nelsona]

Put $20,259. It really is immaterial.