Provides members with an alternative to deposit markets for short-term funding needs.

31 to 364 days
Remains fixed rate for entire term of maturity.
Accrual Basis
Actual / 360 day basis
Interest is Paid
Principal is Paid
At maturity
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 Credit Operations at 800-828-4191.

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