As of April 2024, the TSP G Fund interest rate is 4.250%. The rate is calculated monthly, based on the average yield of all U.S. Treasury securities with 4 or more years to maturity. The chart and table below show the recent history of the G Fund rate. The rate has fluctuated in the 0.75% to 5.00% range since 2012:
| Date | Interest Rate |
| April 2024 | 4.250% |
| March 2024 | 4.375% |
| February 2024 | 4.125% |
| January 2024 | 4.000% |
| December 2023 | 4.500% |
| November 2023 | 5.000% |
| October 2023 | 4.750% |
| September 2023 | 4.250% |
| August 2023 | 4.125% |
| July 2023 | 4.000% |
| June 2023 | 3.875% |
| May 2023 | 3.625% |
Historical interest rates for the G Fund
The G Fund interest rate is near all-time lows. But if you look back further in history to the late 1980s, the G Fund returned over 9 percent per year:
The G Fund compares very favorably to other risk-free investments. For example, in July 2013, the G Fund interest rate was 2.125%. By comparison, the best Bank CDs were yielding 0.45% for a 3-month term, or 1.8% for a 5-year term. Also, from the chart above you can see that the interest rate on the G Fund is almost always higher than the 3-month Treasury Bill yield.
G Fund Returns
The G fund will not lose money — its returns are guaranteed by the U.S. Government. That makes it very different from a typical bond fund, where your principal fluctuates with the rise and fall of interest rates. The chart below shows the historical performance of the TSP G Fund, and is updated every business day with the latest TSP G Fund price:
The G Fund has earned a compound annualized return of 4.2% since August 1990. Its year-to-date return is 1.24%, and its 1-year return is 4.35%. A $1,000 investment in 1990 would be worth $4,044 today.
FAQs
Basic Info. Thrift Savings Plan G Fund Monthly Returns is at 0.35%, compared to 0.38% last month and 0.30% last year. This is lower than the long term average of 0.37%.
What is the current TSP fund rate? ›
TSP Funds
| New TSP Lifecycle Funds 7/1/2020 - 5/17/2024 | TSP L 2025 Fund | TSP L 2035 Fund |
|---|
| YTD Return | 4.19% | 6.77% |
| 1-Year Return | 10.90% | 17.01% |
| 3-Year Return | 4.25% | 5.53% |
| Annual Return Since 7/1/2020 | 7.5% | 10.0% |
6 more rowsThe G Fund Yield Advantage—The G Fund rate calculation results in a long-term rate being earned on short-term securities. Because long-term interest rates are generally higher than short-term rates, G Fund securities usually earn a higher rate of return than do short-term marketable Treasury securities.
What is the interest rate on a TSP loan? ›
Interest Rate and Repayment Terms of a TSP Loan
The interest rate of the TSP is based on the G Fund's interest rate in the prior month. The current interest rate is 4.375% (April 2024). TSP will notify your payroll office and start payroll deduction based on the repayment period you selected.
Which is better, the F fund or the G fund? ›
In periods of falling interest rates, the F Fund will experience gains from the resulting rise in bond prices. So in the long run, you may expect F Fund returns to exceed those of the G Fund; however, you should also expect greater price volatility (up and down movements).
What is a good TSP balance at retirement? ›
There is no such thing as too much money in the Thrift Savings Plan. If you want your TSP balance to be able to generate an inflation-indexed annual income of $10,000, most financial planners will suggest that you have a $250,000 balance at the time you retire.
Is TSP G fund a good investment? ›
For all practical purposes, this makes TSP G Fund like a stable-value fund or a supercharged money market fund: Investors can generally expect the G Fund to never lose money and to pay a modest yield over time.
Which TSP fund is the best? ›
The G Fund is often considered the safest option among TSP funds. It invests in U.S. Treasury securities, providing a stable return with minimal risk.
What is the most aggressive fund in the TSP? ›
The conservative funds are the G and F funds and the aggressive funds are the C, S, and I funds.
What is the average rate of return of the G fund? ›
G Fund Returns
Its year-to-date return is 1.45%, and its 1-year return is 4.37%.
In conclusion, yield and return are both powerful features in Python that serve different purposes. The yield statement is used to create generator functions that can produce a series of values lazily, while the return statement is used to exit a function and return a single value.
Does Vanguard do high-yield savings? ›
High interest rate. With a rate of 4.70% APY, the Vanguard Cash Plus Account rivals the rates found on many high-yield savings accounts. No minimum balance requirement. The account doesn't require customers to maintain a minimum balance to keep the account open.
How is the TSP G fund rate calculated? ›
The G Fund rate is calculated by the U.S. Treasury as the weighted average yield of approximately 191 U.S. Treasury securities on the last day of the previous month. The yield of the security has a weight in the G Fund rate calculation based on the amount outstanding.
Is it better to borrow from TSP or bank? ›
If you have a debt with a very high interest rate, a TSP loan might help since it often has a lower rate.
What is the current TSP C fund interest rate? ›
Thrift Savings Plan C Fund Monthly Returns is at 3.22%, compared to 5.34% last month and 3.67% last year. This is higher than the long term average of 0.96%.
What is the TSP annuity interest rate? ›
Although the TSP annuity interest rate changes monthly, for purposes of the Federal Ballpark E$timate, we use 2.250% as the default rate (a mean of past year data). You can choose a different value.
