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DAILY CASH MANAGER ADVANCE

The Daily Cash Manager is one of three overnight-funding products we offer. The others are the Rollover Cash Manager and the IDEAL Cash Manager.
 Key Features
  • Overnight funding
   
Common Uses
  • Manage daily funding needs.
   
Availablity
  • Until 5 p.m., subject to preapproved availability.
   
Maturity
  • One day
   
Minimum
  • None
   
Rate Set
  • At time of transaction
   
Disbursement
  • Same-day
   
Risks
  • The Federal Home Loan Bank of Boston does not act as a financial adviser, and members should independently evaluate the suitability and risks of these advances.
   
Repayment
  • Principal and interest automatically charged to your IDEAL Way account at maturity.
   
Requirements for Take-Down
  • A master application signed by an authorized officer from your institution must be on file at the Federal Home Loan Bank of Boston.

  • The Daily Cash Manager advance is available only to members in blanket-lien status.
   
Automatic
Wire-Out Available
  • We'll accept your standing order to wire funds automatically each time you take down a Daily Cash Manager advance.

  • Activate this feature with a simple phone call to the Money Desk, at 1-800-357-3452.
   
More Information