Federal Home Loan Bank of Seattle

Deposit
Products

The Federal Home Loan Bank of Seattles deposit products help customers earn interest on their excess liquidity. Our deposit accounts are fully integrated with our funding and securities safekeeping services so that payment and funds transfer activities occur automatically, without delay and extra cost to the customer.

Demand Deposit Account (DDA)

A customers DDA account serves as a central settlement point for a number of Seattle Bank services including advances, securities safekeeping, pledged securities, Federal Reserve settlement and Automated Clearing House transactions. All Federal Home Loan Bank of Seattle customers maintain at least one DDA. Reports itemizing volumes, account activity and daily balances are available monthly, bi-weekly or weekly. Customers also receive monthly analysis reports itemizing balances, daily rates, interest earned and service fees.

Daily Interest Deposit Account (DID)

The DID account is an overnight investment account. DID deposits earn hard-dollar interest at competitive rates based on the daily Fed Funds rate and incur no monthly service charges. Customers receive monthly statements itemizing account activity, daily rates and interest earned.

Certificates of Deposit (CD)

CDs from the Seattle Bank are a convenient and competitively priced investment alternative for a financial institution with excess liquidity. All CDs are book-entry and are eligible as collateral for Seattle Bank advances and public deposits in Washington, Alaska, Montana and Hawaii. CDs are available in terms from 2 to 365 days and rates are competitive with CDs issued by money center banks.