City Renews CDs with Elevate Bank at 4.75% Interest

The City of Sedan renewed three certificates of deposit with Elevate Bank for an additional 182 days at a 4.75% interest rate. The CDs had accrued over $10,500 in interest to date. This renewal will continue the city's partnership with Elevate Bank for financial deposit services.

Document date · November 19, 2024

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

182 days

Renewal

CDs previously held with Elevate Bank were renewed following maturity for another 182-day term at the specified interest rate.

Document type

Minutes

Source document

City of Sedan Council Meeting Minutes November 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sedan?

Elevate Bank was awarded this financial services contract by City of Sedan, as recorded on November 19, 2024.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Sedan Council Meeting Minutes November 2024 (Minutes), dated November 19, 2024 from City of Sedan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elevate Bank hold?

Elevate 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.

View Elevate Bank's profile

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