Wood River Drainage and Levee District Minutes of Meeting 2026-01-08
Board Rolls Maintenance Funds into New $250K Bank CD
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Description
The Board authorized rolling roughly half of Maintenance CD 15 into a new $250,000, 20-week certificate of deposit at Bank of Madison County at 3.70% APY upon its January 19, 2026 maturity. Remaining funds will move into the district's Maintenance MMDA account.
Contract Details
Contract Amount
$250,000
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 starting at 01/19/2026 maturity of CD 15
Renewal Info
New CD will have a 20-week term beginning at the January 19, 2026 maturity of the existing CD; any further rollover will require later action.
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