Callable Fixed Rate Advances
Callable fixed-rate advances offer competitive fixed rates on long-term funds with an option to prepay the advance on certain predetermined dates ("call dates") without incurring a prepayment fee.
- Aids in dealing with prepayment risk and interest rate risk and
- Can provide funding for a fixed-rate mortgage portfolio or other loan type where the customer has an option to prepay the loan.
||Typical maturities from 1-Year to 10-Years
||Remains fixed until called or until maturity
|Interest is Paid
||Monthly and/or at Maturity
|Principal is Paid
|Principal Prepayment Policy
||May prepay without fee on the specified call dates provided that proper notification is given to FHLBank Indianapolis in accordance with the callable advance terms sheet. Prepayments at any other time are subject to prepayment fees described in the callable advance terms sheet
||Call FHLBank Indianapolis by 10:00 am ET for same banking day funding