Richland Township Board of Trustees Meeting Agenda Packet May 2026
Comerica Holds Township Fire Capital Savings, CD
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Description
Richland Township maintains Fire Capital Fund savings and a 12‑month CD with Comerica, with the CD yielding 4.05% and maturing July 28, 2026. These funds are reserved for future fire department capital needs.
Contract Details
Vendor
COMERICA
Agency
Town of Richland, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Fire Capital savings plus a 12‑month CD maturing 7/28/2026 at 4.05%
Renewal Date
2026-07-28
Renewal Info
The 12‑month CD will mature on 2026-07-28; renewal or reallocation decisions will be made then, while the savings account continues indefinitely.
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