Town of Middle River Council Meeting Minutes March 2026
Town renews two Border Bank CDs for 25 months
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Description
The Middle River council approved renewing two Border Bank CDs (0177 and 1139) at $5,000 each for 25 months at 3.25% interest. Remaining balances will be transferred to savings to help cover five upcoming summer projects.
Contract Details
Contract Amount
$10,000.00 (two CDs of $5,000.00 each)
Vendor
BORDER BANK
Agency
Town of Middle River, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Contract Term
25 months at 3.25% (renewing around 2026-03-16 and 2026-03-18)
Renewal Date
2028-04-30
Renewal Info
CD 0177 and CD 1139 each renewed at $5,000 for 25 months at 3.25% interest; excess balances to be moved to savings for project use.
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