Wood River Drainage and Levee District Agenda Bi-Weekly Meeting 2026-06-04
District Plans New CD With Bank of Madison County
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Description
The Wood River Drainage and Levee District will consider reinvesting $240,000 from Rand CD#15 into a new 7‑month CD with the Bank of Madison County at 3.75% APY upon maturity on June 26, 2026. Remaining principal and interest will be moved to the Rand MMDA account.
Contract Details
Contract Amount
$240,000
Vendor
BANK OF MADISON COUNTY
Agency
Town of Levee, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Contract Term
7 months at 3.75% APY, starting at maturity on 6/26/26
Renewal Date
2027-01-26
Renewal Info
New CD to be opened upon maturity of existing Rand CD#15 for a 7‑month term at 3.75% APY; renewal or rollover decisions will be required at the end of the new term.
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