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. 

This advance:

  • 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.