Interest Rate: The current rate for new loans is 1.750%, which is the current G Fund interest rate.
+.125%
On the rise!
Sorry So Late, on my update!
I mentioned this subject in my account talk in July. This from TSP.gov.
Rewards
The payment of G Fund principal and interest is guaranteed by the U.S. Government. This means that the U.S. Government will always make the required payments. In other words, your G Fund investment is not subject to credit (default) risk.
The G Fund interest rate calculation is based on the weighted average yield of all outstanding Treasury notes and bonds with 4 or more years to maturity. As a result, participants who invest in the G Fund are rewarded with a long-term rate on what is essentially a short-term security. Generally, long-term interest rates are higher than short-term rates.
https://www.tsp.gov/PDF/formspubs/tsplf14.pdf has facts about the G fund.
Both say you cannot lose principle but don’t say the interest rate can’t go to 0%. They just guarantee to pay the calculated rate. If it is calculated at 0%, I guess they pay 0%.
PO
Interest Rate: The current rate for new loans is 1.750%, which is the current G Fund interest rate.
+.125%
On the rise!
Sorry So Late, on my update!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Woohooo! Thanks Frixxxx.
NO CHANGE
Interest Rate: The current rate for new loans is 1.750%, which is the current G Fund interest rate.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Sorry for the delay in posting! Happy Holidays every one of you!
Interest Rate: The current rate for new loans is 1.875%, which is the current G Fund interest rate.
+.125% change
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Interest Rate: The current rate for new loans is 2.000%, which is the current G Fund interest rate.
+.125%
HMMMMMMMMM
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Interest Rate: The current rate for new loans is 1.625%, which is the current G Fund interest rate.
-0.375%
WOW
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
I am thinking of taking a 50k loan right now to pay off all other outstanding bills i have. I have some significant credit card debt at 12%, some second mortgage debt at 5% , and a car loan at 4.75%.
It may be just worth it to borrow from the TSP right now at 1.625% and pay those off.
Not sure if that would be prudent, unless you don't need the return on the money you are expecting to remove from TSP for the duration.
Isn't there a way to reallocate your budget to pay off those items quicker? Also, does the second mortgage offer any tax benefits?
You might want to limit your revolving credit through a loan, but you have to curb the usage if you are talking amounts that are impacting any lifestyle issues.
$0.02 of mine
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
One place I look still says 1.625. Another says 1.25. I am betting on 1.25 based on share prices. I will leave the "official" posting to Frixxxx as I never can find the snip he posts. Might be because I'm retired and when I click on "loan and Annuity Rate" it says no loan for you retiree.
Based on some discussion previously, we may find out if it can go to 0%.
PO
Just go to the TSP "public" website, and then to the "Current Limits and Rates" page. The "Loan Interest Rate for New Loans" is the same as the "G" Fund interest rate.
currentLimitsAndRates.html
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