The FHLBank offers a variety of competitively priced, deposit services. Furthermore, all deposits maintained by members in their accounts at the FHLBank are exempt from Regulation F. To view a brochure of our Deposit Services, click here.
Demand Deposit Account (DDA)
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Interest-bearing transaction account -- Idle Funds Transfer Service (IFTS)
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Pays interest at the IFTS rate
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IFTS rate is set daily; 10 basis below FHLBank Overnight rate
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Daily available balance accrues interest daily; paid monthly
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Monthly statement provided
Overnight Deposit Account
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Interest-bearing investment account
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Overnight rate is set daily; slightly below the prevailing Federal Funds rate
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Transfers in increments of $25,000
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Interest is calculated on a 360 day basis and paid monthly to IFTS account
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Monthly statement provided
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Deadline of 3:00 p.m. Cincinnati time
Term Deposits
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Interest-bearing investment account featuring fixed rate maturities from 7 days to 24 months
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Minimum deposit increments of $25,000
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Short Term Deposits - 7days to 366 days maturity - interest calculated on a 360 day basis - interest paid at maturity
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Long Term Deposits - 367 days to 24 months maturity - interest calculated on a 365 day basis - interest paid semiannually
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Monthly Statement provided
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Deadline of 3:00 p.m. Cincinnati time
Mortgage Custodial Account (MCA)
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Custodial account for institutions that hold
P&I and escrow balances when servicing Agency mortgage loans
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MCA rate is set daily; 30 basis points below
FHLBank Overnight rate
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Monthly Statement provided
Federal Funds Deposit Account (FFDA)
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Alternative placement for Federal funds investments
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Interest calculated on a 360 day basis, paid at maturity
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Rate quoted based on current Federal funds intra-day market rate
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Minimum investment $5.0 million, increments of $1.0 million
