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Is TSP a bank account or a mutual fund?

April 26, 2017bank account mutual fund TSP

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Is TSP a bank account or a mutual fund?

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The current TSP for civilian employees of the Federal government includes three optional investment funds. Money may be divided among the three. One consists of special Government bonds, another a bond mutual fund, and the third is an index mutual fund that tracks the stock market S&P 500 index.