CONTRACTONGOING

Town Deposits Funds with Leader Bank at 4.25–4.59%

Town of Derry
Document date
Feb 4, 2025

The 30-second brief

What it covers

The Town allocated funds to Leader Bank at the end of December 2024 into January 2025, with deposits earning between 4.25% and 4.59% interest. This move is part of the Town's strategy to maximize returns on idle cash.

Who holds it

Leader Bank holds this financial services contract with Town of Derry. Its other public contracts on record include work for Billerica School District and Town of Belmont.

What happens next

Term as filed: Placed at end of December 2024 into January 2025.

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Contract details

Contract type
Financial Services
Document date
February 4, 2025
Term
Placed at end of December 2024 into January 2025
Source document
derry-housing-redevelopment-authoritymeeting-minutes2025-02-04_fd2.pdf (Meeting Minutes)

Leader Bank's other public contracts

More Town of Derry contracts

Questions about this contract

Who was awarded the financial services contract by Town of Derry?

Leader Bank was awarded this financial services contract by Town of Derry, as recorded on February 4, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in derry-housing-redevelopment-authoritymeeting-minutes2025-02-04_fd2.pdf (Meeting Minutes), dated February 4, 2025 from Town of Derry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Leader Bank hold?

Leader 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.

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What is Town of Derry currently buying?

Explore Town of Derry's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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