Inwood Township Meeting Minutes March 2026
Second Township CD Renewed at State Savings Bank
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Description
Inwood Township authorized rolling over a second maturing certificate of deposit of $80,794.48 at State Savings Bank into a 6‑month term at 3.75% APY beginning April 15, 2026. This continues the township's short‑term investment approach.
Contract Details
Contract Amount
$80,794.48 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 15, 2026
Renewal Date
2026-10-15
Renewal Info
CD renewed for an additional 6‑month term at 3.75% APY beginning April 15, 2026.
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