FINANCIAL_SERVICESONGOING

County Places $6M CDARS Deposit at 3.75% APY

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.

Status
ONGOING
Document date
March 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kennebec Savings Bank
Agency
Kennebec County · ME

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$6,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
13 Week Term / Maturity date 05/07/2026
Renewal date
2026-05-07
Renewal
CDARS position carries a 13-week term maturing on 2026-05-07; any renewal or rollover after maturity is not described.
Document type
Minutes
Source document
Kennebec County Commissioner's Meeting Minutes March 17 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kennebec County?

Kennebec Savings Bank was awarded this financial services contract by Kennebec County, as recorded on March 17, 2026. The contract value is $6,000,000.00.

How much is the Kennebec Savings Bank contract with Kennebec County worth?

The Kennebec Savings Bank contract with Kennebec County is valued at $6,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Kennebec County Commissioner's Meeting Minutes March 17 2026 (Minutes), dated March 17, 2026 from Kennebec County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kennebec Savings Bank hold?

Kennebec Savings Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kennebec Savings Bank's profile

What is Kennebec County currently buying?

Explore Kennebec County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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