Funds Held Program

WHAT IS FUNDS HELD?

Funds Held is a program unique to Farm Credit with a specific account established where excess cash or funds are held to make future loan payments as they come due  Money going into the Funds Held account currently earns interest while waiting to be applied to the loan balance. While optional, it can be a valuable financial tool for members choosing to use it.  

HOW MUCH DO MEMBERS EARN ON THEIR MONEY IN FUNDS HELD? 

The interest rate currently paid on Funds Held is 2% less than the stated interest rate on the loan/note rate.  

HOW DOES IT WORK?

Members may place up to the full principle balance outstanding on their loan(s) into their Funds Held account.  

Members are allowed one withdrawal prior to their next loan installment due date, upon loan officer analysis and review. 

Up to four withdrawals per year are allowed once the Funds Held balance exceeds the next loan installment amount due. 

 

 

 

 

 

 


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