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                      About the Fiscal Service

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                        ACH - Automated Clearing House

                        ACH Payment Schedule: Recurring Benefits and Military Active Duty, Reserves, and Benefits

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                        Current Value of Funds Rate

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                      Vendor Payment Guidance


- Bureau of the Fiscal Service
- Current Value of Funds Rate
- Historical Rates

# Historical Rates

Prior to 1978, federal agencies determined their own interest rates for overdue debt. Following are the rates in effect from January 2012 - December 2024. View rates from 1978 to 2011.

Table may scroll on smaller screens

|Time Period                   | Rate  | TFM Bulletin Number | Federal Register
                  (Volume/Date/Page)
|----------------------------- | ----- | ------------------- | ------------------------------------------------------
|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                       
|Jan. 1, 2020 - Dec. 31, 2020  | 2.00% | 2020-06             | Vol. 84/November 12, 2019/61136                       
|Jan. 1, 2019 - Dec. 31, 2019  | 1.00% | 2019-04             | Vol. 83 / Oct. 31, 2018 / 54808                       
|Jan. 1, 2018 - Dec. 31, 2018  | 1.00% | 2018-01             | Vol. 82 / Oct. 27, 2017 / 49934                       
|Jan. 1, 2017 - Dec. 31, 2017  | 1.00% | 2017-02             | Vol. 81 / Nov. 21, 2016 / 83331                       
|Jan. 1, 2016 - Dec. 31, 2016  | 1.00% | 2016-03             | Vol. 80 / Nov. 10, 2015 / 69777                       
|Jan. 1, 2015 - Dec. 31, 2015  | 1.00% | 2015-02             | Vol. 79 / Nov. 4, 2014 / 65479                        
|Jan. 1, 2014 - Dec. 31, 2014  | 1.00% | 2014-02             | Vol. 78 / Oct. 31, 2013 / 65430                       
|Jan. 1, 2013 - Dec. 31, 2013  | 1.00% | 2013-13             | Vol. 77 / Nov. 16, 2012 / 68886                       
|Jan. 1, 2012 - Dec. 31, 2012  | 1.00% | 2012-02             | Vol. 76 / Nov. 23, 2011 / 72498                       

Last modified 01/10/24

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