Kennebec County Commissioner's Meeting Minutes March 17 2026
County Places $6M CDARS Deposit at 3.75% APY
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Description
Kennebec County has placed $6 million in a CDARS investment at 3.75% APY with Kennebec Savings Bank for a 13-week term, maturing May 7, 2026. This time deposit enhances yield while maintaining FDIC-insured diversification.
Contract Details
Contract Amount
$6,000,000.00
Vendor
KENNEBEC SAVINGS BANK
Agency
Kennebec County, ME
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
13 Week Term / Maturity date 05/07/2026
Renewal Date
2026-05-07
Renewal Info
CDARS position carries a 13-week term maturing on 2026-05-07; any renewal or rollover after maturity is not described.
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