Council renews portion of Border Bank CD 0177
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Description
The council authorized Border Bank to renew $5,000.00 from CD 0177 into a 25‑month CD at 3.25% interest, with the remaining funds moved to savings for summer projects. The motion carried unanimously.
Contract Details
Contract Amount
$5,000.00 (from CD 0177)
Vendor
BORDER BANK
Agency
Town of Middle River, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Contract Term
25 months at 3.25% starting March 16, 2026
Renewal Date
2028-04-16
Renewal Info
CD 0177 partially renewed in the amount of $5,000.00 for a 25‑month term at 3.25%; remaining balance transferred to savings.
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