Rate Stabilization Investment with Bank of America NA NC
Palmdale Water DistrictUtility District · Palmdale, CA- Disclosed value
- $250,000 certificate of deposit (Rate Stabilization Fund)
- From agendapacket
- Document date
- Sep 16, 2025
- Term
- Maturity date 10/02/2025; rate 3.850%
The 30-second brief
Palmdale Water District records a $250,000 certificate of deposit with Bank of America NA NC at 3.850% maturing October 2, 2025 in its restricted Rate Stabilization Fund. This enhances the District’s investment income on reserves.
Bank of America Na Nc holds this financial services contract with Palmdale Water District. Its other public contracts on record include work for Downers Grove GSD 58 and Elyria City Schools.
Term as filed: Maturity date 10/02/2025; rate 3.850%.
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Contract details
- Contract type
- Financial Services
- Amount
- $250,000 certificate of deposit (Rate Stabilization Fund)
- Document date
- September 16, 2025
- Term
- Maturity date 10/02/2025; rate 3.850%
- Vendor
- Bank of America Na Nc
- Agency
- Palmdale Water District
- Source document
- Palmdale Water District Agenda Packet Finance Committee Meeting 2025-09-16 (AgendaPacket)
Bank of America Na Nc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Palmdale Water District?
Bank of America Na Nc was awarded this financial services contract by Palmdale Water District, as recorded on September 16, 2025. The contract value is $250,000 certificate of deposit (Rate Stabilization Fund).
How much is the Bank of America Na Nc contract with Palmdale Water District worth?
The Bank of America Na Nc contract with Palmdale Water District is valued at $250,000 certificate of deposit (Rate Stabilization Fund), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Palmdale Water District Agenda Packet Finance Committee Meeting 2025-09-16 (AgendaPacket), dated September 16, 2025 from Palmdale Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America Na Nc hold?
Bank of America Na Nc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Palmdale Water District currently buying?
Explore Palmdale Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.