Provides members with an alternative to deposit markets for short-term funding needs.
Remains fixed rate for entire term of maturity.
Actual / 360 day basis
Principal is Paid
Principal Prepayment Policy
Prepayable at any time subject to a potential prepayment fee (equal to 100% of lost cash flow to the Bank, given the difference between the contract rate of the Advance and the current yield on FHLB securities of the same remaining maturity).
Submission of Application
A Short-Term Fixed Rate Advance application is required for each borrowing.
To learn more about our Advance products, contact Lisa Wishart at 800-828-4191.
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