City of Albany Awards Financial Services Contract to MAGNIFI (March 2026)
City of AlbanyCity · Albany, MN- Disclosed value
- Deposits of $150,000 or more; deposits of $200,000 or more
- From agendapacket
- Approved
- Mar 4, 2026
The 30-second brief
Albany directed staff to move maturing certificates of deposit to Magnifi or Stearns Bank based on the best available return. Magnifi quoted 4% for six-month deposits of at least $150,000 and 4.1% for 12-month deposits of at least $200,000.
MAGNIFI holds this financial services contract with City of Albany. Its other public contracts on record include work for Logan County and Albany Public School District.
Term as filed: 6-month or 12-month certificates of deposit.
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Contract details
- Contract type
- Financial Services
- Amount
- Deposits of $150,000 or more; deposits of $200,000 or more
- Document date
- March 4, 2026
- Term
- 6-month or 12-month certificates of deposit
- Vendor
- MAGNIFI
- Agency
- City of Albany
- Source document
- City of Albany AgendaPacket Regular City Council Meeting 2026-03-04 (AgendaPacket)
MAGNIFI's other public contracts
More City of Albany contracts
Questions about this contract
Who was awarded the financial services contract by City of Albany?
MAGNIFI was awarded this financial services contract by City of Albany, as recorded on March 4, 2026. The contract value is Deposits of $150,000 or more; deposits of $200,000 or more.
How much is the MAGNIFI contract with City of Albany worth?
The MAGNIFI contract with City of Albany is valued at Deposits of $150,000 or more; deposits of $200,000 or more, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Albany AgendaPacket Regular City Council Meeting 2026-03-04 (AgendaPacket), dated March 4, 2026 from City of Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does MAGNIFI hold?
MAGNIFI may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Albany currently buying?
Explore City of Albany's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.