Kennebec County Commissioner's Meeting Minutes March 3rd, 2026
County Funds Invested with Kennebec Savings Bank
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Description
Kennebec County maintains significant deposits and investment accounts with Kennebec Savings Bank, including cash sweep, money market, and certificates of deposit maturing May 7, 2026.
Contract Details
Contract Amount
$671,985 (General Fund), $5,800,000 (Intrafi Money Market), $6,000,000 (CDARS), $2,269,588 (Managed Investment Account)
Vendor
KENNEBEC SAVINGS BANK
Agency
Kennebec County, ME
Contract Type
FINANCIAL_SERVICES
Document Date
March 3, 2026
Contract Term
CDARS 3.75% APY (13 Week Term / Mature date: 05/07/2026)
Renewal Date
2026-05-07
Renewal Info
Accounts and deposits renew per instrument terms; CDARS has a fixed maturity, other accounts renew automatically.
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