Mortgage Participation Fund

A Short-term Variable Rate Investment Programme

About the Loan

Product Characteristics

The Mortgage Participation Fund (MPF) is a short-term variable rate investment programme that provides investors with high returns, safety of capital and full access to their funds.




Product Details

Type of Investment
Mutual Fund

Net Asset Value (NAV)
The MPF has a fixed NAV. Price is fixed at $1.00 per unit.

Joint Account

Interest Rate
Variable. The rate is set at the beginning of each month. Please contact Home Mortgage Bank for the current rate. Effective September, 2016 the MPF Annualize Rate has increased from: 1.35% p.a. to 1.50% p.a.

Interest Rate Basis
Interest rate is accrued daily and paid monthly.

Interest Payment Options
a. Reinvested monthly, or
b. Interest credited electronically to your bank account monthly.

Quarterly, Semi-Annually, or Annually.

100% backed by residential mortgages and/or mortgage-backed securities, and the bank’s corporate guarantee.

Minimum Investment

Payment Options
Electronic Banking (LINX), Cheques, Salary Deductions, Standing Orders

Notice to Withdraw
Nil. Redemption cheques are prepared immediately upon request. Cheques are payable to the investor.


Required Documents

What you need to apply

Requirements for Individuals

Requirements for Companies

HMB Invest

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