FINANCIAL_SERVICESAPPROVED

City of Memphis city Awards $630,000 Financial Services Contract to INTRAFI (March 2026)

The City Council approved investing $630,000 through a CDARS account with IntraFI to create a ladder of 13‑, 26‑, and 52‑week certificates of deposit. Each CD will be renewed for one year to support the City's investment strategy.

Status
APPROVED
Document date
March 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
INTRAFI
Agency
City of Memphis city · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$630,000
Contract type
FINANCIAL_SERVICES
Contract term
13-week, 26-week, and 52-week CDs, each to be renewed for one year
Renewal
CD ladder structure with 13‑, 26‑, and 52‑week CDs, each slated for renewal for one year; additional rung to be added after Comerica CD expiration.
Document type
Minutes
Source document
City of Memphis Council Meeting Minutes March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Memphis city?

INTRAFI was awarded this financial services contract by City of Memphis city, as recorded on March 3, 2026. The contract value is $630,000.

How much is the INTRAFI contract with City of Memphis city worth?

The INTRAFI contract with City of Memphis city is valued at $630,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Memphis Council Meeting Minutes March 2026 (Minutes), dated March 3, 2026 from City of Memphis city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does INTRAFI hold?

INTRAFI may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View INTRAFI's profile

What is City of Memphis city currently buying?

Explore City of Memphis city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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