City of Sedan Council Meeting Minutes November 2024
City Renews CDs with Elevate Bank at 4.75% Interest
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Description
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.
Contract Details
Vendor
ELEVATE BANK
Agency
City of Sedan, KS
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2024
Contract Term
182 days
Renewal Info
CDs previously held with Elevate Bank were renewed following maturity for another 182-day term at the specified interest rate.
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