CFC Extends Promotional Rates on Some MTN Investments

CFC has extended a limited window for members to earn higher yields on longer-dated Medium-Term Note (MTN) investments. Now through June 30, members can earn 10 to 15 basis points more on MTN investments with maturities of 18 to 30 months, compared with standard MTN rates at similar maturities.

“We decided to extend the promotional rate because we’ve seen great member interest and an increase in investments over the last month,” Chief Financial Officer Ling Wang said. “This is a win for members looking to earn a better return on idle cash, while at the same time, those funds directly support CFC’s funding needs, allowing us to be less dependent on the capital markets.”

Longer-dated investments allow members to lock in higher rates for a set period while also helping CFC better manage funding risk. To be eligible, investments must be placed by June 30.

Members can contact the Member Center at 800-424-2955 or MemberCenter@nrucfc.coop to start investing today.