FHLB Des Moines Offers Unique Funding Opportunity
last updated on Wednesday, April 21, 2021 in Business News
Beginning Monday, April 26, 2021, FHLB Des Moines will offer members a limited-time discount on 7-day, fixed rate advances.
- Terms: 7-day, fixed rate advances*
- Availability: Funding will be available Monday, April 26 - Friday, May 14, 2021 and can only be reserved by contacting the Money Desk
- Per-member limit: $250 million total during the offering period
*Normal FHLB Des Moines credit, collateral, stock and prepayment requirements apply. Subject to funding availability. The Bank may discontinue this offer at any time without notice. $250 million limit total per member through May 14, 2021 or until the offering is terminated. This discount is only available for 7-day fixed rate advances during the offering period.
**The dividend adjusted rate is an approximation based off of our current stock requirement and current dividend payment. This is an approximation only. For alternative dividend adjusted calculations, please consider using our dividend calculator. These calculations are indications only.
Ready to get started?
Contact your Relationship Manager today for more details on how this special can help your institution achieve success.
Always Remember The Dividend
This rate special combined with your member dividend benefit** can significantly lower your “all-in” cost of an advance. At current rate indications, the advance may be interest free when factoring in the dividend benefit.
Fully Utilize Your Membership
Whether you're considering strategies to manage your balance sheet or satisfying liquidity stress testing scenarios with term advances, we’re here to help with a variety of products, tools and resources at your fingertips.