Short-Term Fixed-Rate Advances
Short-term fixed-rate advances provide members with an alternative to deposit markets for short-term funding goals. These advances are used to handle everyday liquidity needs.
| Term |
Maturities up to 1-Year |
| Rate |
Remains fixed for entire term of maturity |
| Interest is Paid |
Monthly and/or at Maturity |
| Principal is Paid |
At Maturity |
| Principal Prepayment Policy |
May prepay subject to applicable prepayment fees described in the Repayment Procedures section of the Credit Policy |
| Application |
Call FHLBank Indianapolis by 11:00 am ET for same banking day funding |