City Invests $17M in Prism Bank CDARS CDs
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Description
The City of Edmond has $17 million invested in CDARS certificates of deposit through Prism Bank, earning interest rates of roughly 3.8–4.4% with maturities scheduled in late 2026. These deposits form part of the City’s diversified pooled investment strategy.
Contract Details
Contract Amount
$17,000,000.00 (CDARS principal outstanding)
Vendor
PRISM BANK
Agency
City of Edmond, OK
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2026
Contract Term
Various CDARS maturities in 2026
Renewal Info
CDARS CDs will mature on their scheduled 2026 dates; the City may elect to roll over or redeem at maturity.
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