Council Renews 12-Month CDs at Local Bank
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Description
The Lebanon City Council approved renewing maturing certificates of deposit at First Federal Savings Bank for 12 months at a 4.07% interest rate. The action continues the city's investment relationship with the bank for another year.
Contract Details
Vendor
FIRST FEDERAL SAVINGS BANK
Agency
City of Lebanon, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 30, 2026
Contract Term
12 months
Renewal Info
Maturing certificates of deposit will be rolled into new 12-month terms at a 4.07% interest rate.
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