GO
MENU

Advances

FHLB Des Moines Advances Video

FHLB Des Moines Advances Video

Learn why FHLB Des Moines advances should always be your preferred choice when considering liquidity solutions.

Our broad menu of short-term and long-term funding options provide members with reliable, cost-effective liquidity to manage capital and interest rate risk for their institutions.

Download our full rates sheet - PDF, Excel


Fixed-Rate Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

TermAdvance Rate
RegularDividend Adjusted Rate*SymmetricalCIA
Prev Overnight0.30%0.06%  
Overnight0.31%0.07%  
1 Week0.31%0.07%  
2 Weeks0.31%0.07%  
3 Weeks0.31%0.07%  
1 Month0.31%0.07%  
2 Months0.31%0.07%  
3 Months0.31%0.07%  
4 Months0.31%0.07%  
5 Months0.32%0.08%  
6 Months0.32%0.08%  
7 Months0.33%0.09%  
8 Months0.33%0.09%  
9 Months0.34%0.10%  
10 Months0.35%0.11%  
11 Months0.35%0.11%  
1 Year0.34%0.10%0.39%0.22%
1.5 Years0.43%0.19%0.48%0.30%
2 Years0.48%0.24%0.53%0.34%
3 Years0.63%0.39%0.68%0.49%
4 Years0.83%0.59%0.88%0.69%
5 Years0.98%0.74%1.03%0.83%
6 Years1.18%0.94%1.23%1.03%
7 Years1.31%1.07%1.36%1.16%
8 Years1.43%1.19%1.48%1.28%
9 Years1.53%1.29%1.58%1.38%
10 Years1.62%1.38%1.67%1.48%
11 Years1.72%1.48% 1.57%
12 Years1.81%1.57% 1.66%
13 Years1.90%1.66% 1.75%
14 Years1.99%1.75% 1.84%
15 Years2.08%1.84% 1.93%
16 Years2.16%1.92% 2.01%
17 Years2.24%2.00% 2.09%
18 Years2.32%2.08% 2.17%
19 Years2.40%2.16% 2.25%
20 Years2.48%2.24% 2.33%
25 Years2.62%2.38% 2.48%
30 Years2.75%2.51% 2.61%

Notes

* 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.

Comments

For additional product details, please review our product suite.

For Fixed-Rate Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million and maximum term to maturity of 10 years.

Interest on advances with maturities ≤ 6 months is due at maturity.

Interest on advances with maturities > 6 months is due monthly.

Other terms and conditions may apply.

Rates are indications only and are subject to market conditions.

Amortizing Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

TermAmort.Amort. DelayAmort. Freq.Pre-Pay Option1Advance Rate
Reg.Div. Adjust*Sym.CIA
5 Years10 Years Annual3 Years1.00%0.76% 0.85%
5 Years15 Years MonthlyNone0.93%0.69% 0.78%
5 Years20 Years MonthlyNone0.94%0.70% 0.79%
5 Years25 Years MonthlyNone0.95%0.71% 0.80%
7 Years6.5 Years6 MonthsMonthlyNone0.99%0.75% 0.84%
7 Years20 Years MonthlyNone1.23%0.99% 1.08%
7 Years30 Years MonthlyNone1.26%1.02% 1.11%
10 Years9 Years12 MonthsMonthlyNone1.31%1.07% 1.16%
10 Years10 Years MonthlyNone1.23%0.99% 1.08%
10 Years10 Years Monthly5 Years1.30%1.06% 1.15%
10 Years15 Years MonthlyNone1.44%1.20% 1.29%
10 Years15 Years Monthly5 Years1.58%1.34% 1.43%
10 Years20 Years MonthlyNone1.51%1.27% 1.36%
10 Years20 Years Monthly5 Years1.68%1.44% 1.53%
13 Years15 Years AnnualNone1.59%1.35% 1.44%
15 Years10 Years60 MonthsMonthly7 Years2.05%1.81% 1.90%
15 Years12 Years36 MonthsMonthly5 Years2.01%1.77% 1.86%
15 Years15 Years MonthlyNone1.60%1.36% 1.45%
15 Years15 Years Monthly5 Years1.77%1.53% 1.62%
15 Years15 Years Annual5 Years1.81%1.57% 1.66%
15 Years25 Years Monthly5 Years2.16%1.92% 2.01%
15 Years30 Years Monthly7 Years2.15%1.91% 2.00%
20 Years19 Years12 MonthsMonthly5 Years2.24%2.00% 2.09%

Notes

* 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.

1. Earliest opportunity member has the option to pre-pay without a fee.

Comments

For additional product details, please review our product suite.

For Amortizing Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million and maximum term to maturity of 10 years.

Amortizing advance rates are based upon level payments (i.e. not straight line) over the life of the advance.

Other terms and conditions may apply.

Rates are indications only and are subject to market conditions.

Straight Line Amortizing Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

Advance Term/AmortizationPayment TypePayment FrequencyAdvance Rates
RegularDividend Adjusted Rate*CIA
2 YearsLevel PrincipalMonthly0.42%0.18%0.28%
3 YearsLevel PrincipalMonthly0.50%0.26%0.36%
4 YearsLevel PrincipalMonthly0.60%0.36%0.46%
5 YearsLevel PrincipalMonthly0.72%0.48%0.57%
7 YearsLevel PrincipalMonthly0.94%0.70%0.79%
10 YearsLevel PrincipalMonthly1.21%0.97%1.07%
15 YearsLevel PrincipalMonthly1.58%1.34%1.43%
20 YearsLevel PrincipalMonthly1.89%1.65%1.74%
30 YearsLevel PrincipalMonthly2.30%2.06%2.16%

Notes

* 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.

Comments

Maximum advance term of 30 years.

Fully amortized at maturity.

Eligible for Community Investment Advance and symmetrical prepayment pricing.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million and maximum term to maturity of 10 years.

Interest calculated on an actual/360 basis.

For structures not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

Other terms and conditions may apply.

Rates are indications only and are subject to market conditions.

Prime Rate Indexed Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

TermSpread to PrimeInitial Advance Rate1CIA Spread to PrimeInitial CIA Rate2
6 Months-2.74%0.51%  
12 Months-2.74%0.51%-3.02%0.23%
18 Months-2.70%0.55%-2.97%0.28%
24 Months-2.70%0.55%-2.97%0.28%

Notes

1. Initial Advance Rate is Prime Rate plus Spread to Prime. The Advance Rate will adjust when the Prime Rate changes.

2. Initial CIA Rate is Prime Rate plus CIA Spread to Prime. The CIA Rate will adjust when the Prime Rate changes.

Comments

For additional product details, please review our product suite.

For Prime Rate Indexed Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

Minimum advance size is $100,000.

Prime Rate is defined by the USD-Prime-H.15 as published in the Federal Reserve Statistical Release H.15.

Other terms and conditions may apply.

Rates are indications only and are subject to market conditions.

LIBOR Indexed Advances

Please contact the Money Desk at 800.544.3452, ext. 2122 for current rate indications.

If you would like to learn more about this product, please refer to our product suite

Rates are indications only and are subject to market conditions.

Member Option Variable-Rate Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

TermRate Reset Frequency1Advance Rate
1 Year3 Months0.36%
1 Year6 Months0.35%
2 Years3 Months0.39%
2 Years6 Months0.39%
3 Years3 Months0.40%
3 Years6 Months0.40%
4 Years3 Months0.47%
4 Years6 Months0.47%
5 Years3 Months0.48%
5 Years6 Months0.48%

Notes

1. Eliminated the six-month rate reset frequency, effective January 4, 2021

Comments

The advance rate for MOVR advances originated prior to April 3, 2017, having a monthly rate reset frequency will continue to reprice monthly, but will receive the quarterly reset rate.

Advances may only be prepaid in full on scheduled rate reset dates with proper notice.

Minimum advance size of $500,000 in $100,000 increments. Other terms and conditions may apply.

For additional details, please review our product suite.

For Member Option Variable-Rate Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

Rates are indications only and are subject to market conditions.

Member Option Fixed-Rate Advances

Please contact the Money Desk at 800.544.3452, ext. 2122 for current rate indications.

If you would like to learn more about this product, please refer to our product suite

Rates are indications only and are subject to market conditions.

Member Option LIBOR Advances

Please contact the Money Desk at 800.544.3452, ext. 2122 for current rate indications.

If you would like to learn more about this product, please refer to our product suite

Rates are indications only and are subject to market conditions.

SOFR Indexed Advances

Please contact the Money Desk at 800.544.3452, ext. 2122 for current rate indications.

If you would like to learn more about this product, please refer to our product suite

Rates are indications only and are subject to market conditions.

Forward Starting Fixed-Rate Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 8/3/2021 at 8:55 AM

TermForward StartAdvance Rate
RegularDividend Adjusted Rate*Rate w/o Forward Start
1 Years3 Months0.36%0.12%0.34%
1 Years6 Months0.38%0.14%0.34%
2 Years6 Months0.60%0.36%0.48%
2 Years1 Year0.72%0.48%0.48%
3 Years3 Months0.69%0.45%0.63%
3 Years6 Months0.75%0.51%0.63%
3 Years1 Year0.88%0.64%0.63%
5 Years3 Months1.03%0.79%0.98%
5 Years6 Months1.09%0.85%0.98%
5 Years1 Year1.21%0.97%0.98%
5 Years2 Years1.42%1.18%0.98%
7 Years3 Months1.34%1.10%1.31%
7 Years6 Months1.39%1.15%1.31%
7 Years1 Year1.49%1.25%1.31%
10 Years3 Months1.65%1.41%1.62%
10 Years6 Months1.69%1.45%1.62%
10 Years1 Year1.77%1.53%1.62%
15 Years3 Months2.09%1.85%2.08%
15 Years6 Months2.11%1.87%2.08%
15 Years1 Year2.17%1.93%2.08%
20 Years3 Months2.48%2.24%2.48%
20 Years6 Months2.50%2.26%2.48%
20 Years1 Year2.54%2.30%2.48%

Notes

* 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.

Comments

Minimum advance size of $1 million. Advance maturity plus forward starting period cannot exceed 30 years.

Mandatory settlement and only at the end of the forward start period.

Please contact the Money Desk at 800.544.3452, ext. 2122 for more information or learn more about this product by referring to our product suite

Rates are indications only and are subject to market conditions.

Looking for rates on a daily basis?

Sign up for From the Desk, our daily newsletter featuring current rate indications and economic commentaries straight from our Strategies Team.

SIGN UP NOW

Featured

eAdvantage LogineAdvantage is FHLB Des Moines secure, online member site where you can conveniently view statements and reports, monitor account balances, advances, capital stock, collateral and more. Community Investment AdvancesFor members of FHLB Des Moines, meeting the credit needs of their local community is being a good neighbor and is also good business. CollateralWe offer an extensive collateral menu including a variety of real estate loans, mortgage and business loans, government-guaranteed loans, securities and time certificates of deposit. StrategiesThe FHLB Des Moines Relationship Managers and Strategies Teams are your complimentary consulting resource available to provide tools and analysis for your unique markets and opportunities.

Educational Resources

Liquidity Stress Testing Scenarios Article Liquidity Stress Testing Scenarios View several testing scenarios to consider when validating your operational procedures and liquidity access. Advance Transactions Guide Article Advance Transactions Guide Ready to take out a FHLB Des Moines Advance? Here are the steps you should take to initiate the process. Operational Liquidity Testing Checklist and Best Practices Article Operational Liquidity Testing Checklist and Best Practices Testing ensures your operational procedures are effective and demonstrates your access to liquidity. Can your institution demonstrate the appropriate personnel understand the process of requesting funds from FHLB Des Moines? Funding Strategies to Protect Yourself Against Interest Rate Risk Article Funding Strategies to Protect Yourself Against Interest Rate Risk Regardless of your interest rate sensitivity position, FHLB Des Moines has a multitude of advance products to provide protection against future economic disruptions or yield curve volatility.

See all educational resources regarding this topic.