Sagola Township Board Regular Meeting Minutes May 4 2026
Township Funds Moved to Northern Interstate Bank CD
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Description
Sagola Township approved transferring a COVantage CD and savings totaling over $246,000 to Northern Interstate Bank for a 12‑month investment at 3.55% interest. The action reallocates township funds to a new banking institution.
Contract Details
Vendor
NORTHERN INTERSTATE BANK
Agency
Town of Sagola, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
12 months at 3.55%
Renewal Info
CD established for a 12‑month term at 3.55%; renewal or rollover options not specified.
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Sagola Township Board Regular Meeting Minutes May 4 2026
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