FINANCIAL_SERVICESAPPROVED

Town of Underhill Awards $750,000 Financial Services Contract to Northfield Savings Bank (July 2026)

The Underhill Selectboard approved opening a $750,000 nine‑month certificate of deposit with Northfield Savings Bank at a 4% annual yield. The move shifts reserve funds from a lower‑yield sweep account to boost interest earnings by an estimated $13,000 while preserving liquidity through an early withdrawal option.

Status
APPROVED
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northfield Savings Bank
Agency
Town of Underhill · VT

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$750,000
Contract type
FINANCIAL_SERVICES
Contract term
9-month certificate of deposit at 4% annual yield, opened between July 1 and July 15, 2026
Renewal
Single 9‑month CD term with option for early redemption; no automatic renewal terms described in the minutes.
Document type
Minutes
Source document
Town of Underhill Selectboard Meeting Minutes 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Northfield Savings Bank was awarded this financial services contract by Town of Underhill, as recorded on July 9, 2026. The contract value is $750,000.

How much is the Northfield Savings Bank contract with Town of Underhill worth?

The Northfield Savings Bank contract with Town of Underhill is valued at $750,000, covering financial services work.

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 Town of Underhill Selectboard Meeting Minutes 2026-07-09 (Minutes), dated July 9, 2026 from Town of Underhill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northfield Savings Bank hold?

Northfield Savings 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 Northfield Savings Bank's profile

What is Town of Underhill currently buying?

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

View Town of Underhill's profile

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