Adjustable rate advances provide a source of liquidity that periodically adjusts to market rates. These advances assist in the management of interest rate and basis risk.

Term

Typical maturities up to 10-Years

Rate

Rates will be periodically adjusted based on LIBOR, Secured Overnight Funding Rate (SOFR), Fed Funds Effective, Prime, and constant maturity Treasury (CMT). The index, spread, reset period, and terms of the advance will be determined after credit approval

Interest is Paid

Monthly and/or at Maturity

Principal is Paid

At Maturity

Principal Prepayment Policy

May prepay subject to applicable limitations and prepayment fees described in the adjustable rate advance terms sheet

Application Call FHLBank Indianapolis by 2:00 pm ET for same banking day funding

Contact Us

For more information or questions about our products, call the FHLBank Indianapolis Advances Desk at 800.442.2568.