City Invests $2 Million CD With One Florida Bank
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Description
The City Commission will approve investing $2,000,000 in a 3‑month Certificate of Deposit with One Florida Bank. This short-term investment is part of the City's cash and investment management strategy.
Contract Details
Contract Amount
$2,000,000
Vendor
ONE FLORIDA BANK
Agency
City of Longwood, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
3-month Certificate of Deposit
Renewal Info
CD matures after three months; reinvestment or rollover would require a separate action or follow-on instruction with the bank.
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