Rachele McDonough

Correspondent Services

FHLBank Boston offers its members easy-to-use deposit account, securities safekeeping and funds transfer services.

We offer competitively priced and efficient services with the added security of dealing with a highly rated depository.

In addition, Federal Home Loan Banks are not FDIC-insured depository institutions and therefore not considered a correspondent under Regulation F. This allows members to extend their overnight credit exposure.

Members can select from a variety of deposit products to support cash management needs.

Members may establish one or more securities Safekeeping Accounts at FHLBank Boston.

View Rates

Easily access the short- and long-term deposit rates you need to make smart business decisions.

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Using Online Banking

Deposits and transfers to and from your IDEAL Way account can be completed seamlessly through Online Banking.


Additionally, you can initiate a trade or corporate action and access all your daily and monthly reports. To get you and your colleagues new to Online Banking up to speed quickly, we offer guides and assistance from a team dedicated to helping you conduct your business with us online.

Our team is here to help you achieve your funding goals and develop customized funding solutions.

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​Find an advance for your business needs:

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Control Standards for Members

Member relationships are valuable to us, and we want to ensure the integrity of your interactions with us. We ask members utilizing our correspondent and deposit services to adhere to these reasonable control standards.

Product & Solutions Guide

Detailed information about our correspondent services can be found in our Products & Solutions Guide.

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Fee Schedule

Learn more about our competitive correspondent services fees. 

Need more information?

Call us at 800-357-3452 (option 3) or