Town of North Harmony Minutes 2026-05-11
Town Authorizes CD Investment with M&T Bank
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Description
The Town Board approved opening a Certificate of Deposit with M&T Bank in the amount of $13,225.31 at a 3.11% interest rate for six months. This action invests tax penalties and interest funds to accrue additional income for the town.
Contract Details
Contract Amount
$13,225.31 (principal) at 3.11% interest for six months
Vendor
M&T BANK
Agency
Town of North Harmony, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
six months
Renewal Date
2026-11-11
Renewal Info
Single-term CD; renewal on maturity possible but not specified.
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