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Current Value of Funds Rate

Historical Rates

Prior to 1978, federal agencies determined their own interest rates for overdue debt. Following are the rates in effect from January 2021 - December 2025. View rates from 1978 to 2020.

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Time Period Rate TFM Bulletin Number Federal Register
(Volume/Date/Page)
Jan. 1, 2025 - Dec. 31, 2025 5.00% Vol. 89, No. 214/November 5, 2024/ 87929
Jan. 1, 2024 - Dec. 31, 2024 4.00% 2024-02 Vol. 89/January 10, 2024/1627
April 1, 2023 - Dec. 31, 2023 3.00% 2023-07 Vol 88/May 22, 2023/32820
Jan. 1, 2023 - Dec. 31, 2023 1.00% 2023-01 Vol. 87/November 21, 2022/70888
Jan. 1, 2022 - Dec. 31, 2022 1.00% 2022-05 Vol. 86/November 29, 2021/67788
Jan. 1, 2021 - Dec. 31, 2021 1.00% 2021-05 Vol. 85/November 12, 2020/71992

Last modified 11/06/24