Short-Term Fixed Rate Advance

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

Maturity
31 to 364 days
Rate
Remains fixed rate for entire term of maturity
Accrual Basis
Actual / 360 day basis
Interest is Paid
Monthly
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 Jeff Berryman or Lisa Wishart at 800-828-4191.

Contact Us To Learn More