Term |
Typical maturities up to 10-Years |
Rate |
Indices include, but are not limited to, Secured Overnight Financing Rate (SOFR), FHLB Cost of Funds, the U.S. Prime Rate, and the constant maturity Treasure (CMT) rate. Reset periods available depend upon the index selected. Interest on advances using COF index will be calculated on an actual/actual basis. |
Interest is Paid |
Monthly and/or at Maturity |
Principal is Paid |
At Maturity |
Principal Prepayment Policy |
May prepay subject to applicable limitations and prepayment fees described in the adjustable rate advance terms sheet |
Application |
Call FHLBank Indianapolis by 11:00 am ET for same banking day funding |