Wood River Drainage and Levee District Minutes of Meeting 2026-01-08
District Approves $150K CD with Bank of Madison County
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Description
The Board approved opening a new $150,000 RAPS certificate of deposit with Bank of Madison County for a 20-week term at 3.70% APY. This action invests district funds in a short-term interest-bearing account.
Contract Details
Contract Amount
$150,000
Vendor
BANK OF MADISON COUNTY
Agency
Town of Levee, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 8, 2026
Contract Term
20 weeks at 3.70% APY
Renewal Info
Single 20-week CD placement; renewal or rollover after maturity would require a future board action.
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