Whitewater Township Board Regular Meeting Minutes March 2026
Township Approves Deposit Agreement with Alden State Bank
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Description
Whitewater Township Board accepted Alden State Bank's proposal for a 3.75% APY on deposits for one year and authorized a minimum $250,000 transfer into a 30-day certificate of deposit. Action is consistent with Township's investment policy.
Contract Details
Contract Amount
Minimum $250,000 in 30-day Certificate of Deposit; 3.75% APY guarantee for one year
Vendor
ALDEN STATE BANK
Agency
Town of Whitewater, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 12, 2026
Contract Term
1 year; 30-day CD
Renewal Date
2027-03-03
Renewal Info
One-year term with renewal or renegotiation possible after term ends.
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