Madison County Board Meeting Minutes March 18 2026
Bank of Springfield Holds $1M Long‑Term County CD
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Description
Madison County invested $1,000,000 in a long‑term 3.63% certificate of deposit at BANK OF SPRINGFIELD, maturing October 28, 2030. This supports stable interest earnings over a five‑year period.
Contract Details
Contract Amount
$1,000,000.00
Vendor
BANK OF SPRINGFIELD
Agency
Madison County, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Contract Term
Certificate of Deposit from 10/28/2025 to 10/28/2030 at 3.63%
Renewal Date
2030-10-28
Renewal Info
Long‑term CD to be reassessed closer to the October 2030 maturity date.
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