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New Putable Advance Debuts Today April 24, 2023

Today’s the day! When rates are released today, you’ll see a new option – the putable advance.

Like our former convertible advance, the putable advance lets you lock in at a lower rate than traditional bullet advances. The lower rate is offered in return for granting FHLBank Topeka the option to put (or call away) the advance on a predetermined date or dates before maturity.

From today until Wednesday, April 26, you can request a putable advance as small as $100,000 on the 5 year/1 year Bermudan and 10 year/1 year Bermudan structures. Normally, putable advances are available for orders of $2.5 million or greater. This pooled offering is intended to collectively bring us up to or above the $2.5 million minimum.

Contact the Lending Desk at 800.809.2733 to take part in this window of opportunity. The Lending Desk will then contact you the morning of Thursday, April 27, to facilitate your advance.

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