Town of North Harmony Town Board Meeting Agenda Packet May 2026
Town Approves CD Investment with M&T Bank
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Description
The Town Board approved opening a six‑month certificate of deposit with M&T Bank for $13,225.31, funded by 2026 tax penalties and interest, at a 3.11% interest rate. The action is intended to invest surplus tax-related revenues in a short‑term interest‑bearing account.
Contract Details
Contract Amount
$13,225.31
Vendor
M&T BANK
Agency
Town of North Harmony, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Six (6) months at 3.11% interest
Renewal Info
Single six‑month certificate of deposit term; renewal or rollover after maturity is not specified in the resolution.
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