FHLBank Topeka is offering a special on the Regular Adjustable Callable Advance (RAC) resetting to FHLBank’s 1-week short-term advance rate minus 5 basis points, with a 1-year term. This attractive pricing is limited to $5 million per member.
- Discount is 7 bps compared to standard RAC rate
- Current indication is 2 bps less than the Line of Credit rate
- Flexibility to prepay on weekly rate reset dates with one day notice
- Orders will be accepted through Friday, Dec. 6
- Advances will fund and price at the time of the order based on current standard rate less discount.
- Participation is limited to $5 million per member.
- FHLBank’s normal prepayment language will apply.
- Minimum advance amount is $100,000.
Call Lending at 800.809.2733 to take part in this special
Orders may be placed between 8 a.m. and 4 p.m. CST. Normal underwriting and collateral requirements apply. Further discounted pricing does not apply to this special advance offering and the FHLBank reserves the right to withdraw this offer at any time.