Wood River Drainage and Levee District Minutes of Meeting 2026-03-05
District Opens $200K CD with Bank of Madison County
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Description
The Board approved opening a new $200,000 certificate of deposit with Bank of Madison County for seven months at 3.75% APY using maintenance funds. This action is part of the District’s investment strategy.
Contract Details
Contract Amount
$200,000
Vendor
BANK OF MADISON COUNTY
Agency
Town of Levee, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 5, 2026
Contract Term
7-month CD at 3.75% APY starting on or about 03/15/2026
Renewal Date
2026-10-15
Renewal Info
Single 7‑month CD term at 3.75% APY; renewal terms beyond initial maturity were not specified and will depend on future Board action.
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