Inwood Township Meeting Minutes March 2026
Township Renews $84K CD With State Savings Bank
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Description
Inwood Township authorized rolling over a maturing $84,032.04 certificate of deposit at State Savings Bank into a new 6‑month term at 3.75% APY starting April 8, 2026. The action continues the township's investment strategy for idle funds.
Contract Details
Contract Amount
$84,032.04 at 3.75% APY for 6 months
Vendor
STATE SAVINGS BANK
Agency
Town of Inwood, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Contract Term
6 months @ 3.75% APY starting April 8, 2026
Renewal Date
2026-10-08
Renewal Info
CD renewed for an additional 6‑month term at 3.75% APY beginning April 8, 2026.
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