City of Grand Forks Portfolio Holdings Report March 2026
City Invested $6.4M in Choice Bank CD
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Description
City of Grand Forks maintains a $6.44 million certificate of deposit with Choice Bank at a 3.8% rate, maturing October 9, 2026. The position is carried at par with significant accrued interest as of March 2026.
Contract Details
Contract Amount
$6,435,935.47
Vendor
CHOICE BANK
Agency
City of Grand Forks, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
March 31, 2026
Contract Term
Settlement Date 1/9/2026; Maturity Date 10/9/2026 (approximately 9 months)
Renewal Date
2026-10-09
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