Town Invests $265,000 in High-Interest CEDARS Account
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Description
The board approved moving $265,000 into a CEDARS 26-week certificate of deposit at 3.4% interest, with maturity in May 2026.
Contract Details
Contract Amount
$265,000 (26-week CD at 3.4%)
Vendor
CEDARS
Agency
Town of Eagle Lake, ME
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
Contract Term
26 weeks
Renewal Date
2026-05-20
Renewal Info
26-week fixed CD; renewal will be considered at maturity in May 2026 depending on financial needs and rates.
More from CEDARS
More from Town of Eagle Lake
Town of Eagle Lake Board of Selectmen's Meeting Minutes November 2025
Town of Eagle Lake Board of Selectmen's Meeting Minutes November 2025
Town of Eagle Lake Board of Selectmen's Meeting Minutes November 2025
Town of Eagle Lake Board of Selectmen's Meeting Minutes November 2025
Town of Eagle Lake Board of Selectmen Meeting Minutes November 19 2025
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