New Flex Fixed Rate Advance

The FHLB has launched our newest Advance product, the Flex Fixed Rate Advance!

This new Advance provides members with greater flexibility in managing interest rate risk and cashflow timing! It is a fixed-rate, fixed-term product, similar to the Regular Fixed-Rate Advance, but with several key enhancements. First, instead of collecting interest at a monthly cadence only, the new Flex Advance allows members to select how frequently they want to pay interest. Permitted interest payment cadences include monthly, quarterly, semi-annual, or annual. Second, members can also select the day of the month of their desired payments.

Like its Flex name, this Advance offers additional flexibility allowing members to better align timing cashflows of assets with the pay stream of your liabilities! The Flex Advance also allows for prepayment in whole only and for a fee.

Please consult our website, Credit Guide, contact our Credit Team, or reach out to your Relationship Manager to find out more.