town-of-evart-agenda-2024-11-06_749.pdf
$250,000 CD Renewed with Lake-Osceola State Bank
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Description
Evart City Council renewed a $250,000 FDIC-insured certificate of deposit with Lake-Osceola State Bank for 11 months at 3.80% interest.
Contract Details
Contract Amount
$250,000, 3.80% (11 Months)
Vendor
LAKE-OSCEOLA STATE BANK
Agency
Town of Evart, MI
Contract Type
FINANCIAL_SERVICES
Document Date
November 6, 2024
Contract Term
November 19, 2024 – October 19, 2025 (approx.)
Renewal Date
2025-10-19
Renewal Info
Rollover renewal for 11 months; option to re-invest upon maturity.
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