Colby Civicplus #3

City of Colby Solicits Bids for $2,000,000 Certificate of Deposit Investment

The City of Colby, Kansas, is inviting bids from financial institutions for the investment of $2,000,000 in Certificates of Deposit (CDs). - Government Buyer: - City of Colby, Kansas (Finance Director) - Vendors/OEMs: - No specific OEMs or vendors named; open to all qualifying banks and financial institutions - Products/Services Requested: - Certificate of Deposit (CD) investment - Amount: $2,000,000 - Term: 6 or 12 months - Unique or Notable Requirements: - If the CDARS (Certificate of Deposit Account Registry Service) program is used, interest must be paid from the deposit date to the investment date - Funds will be available for investment on the specified availability date - Open to all qualifying financial institutions

Description

The City of Colby is soliciting bids to invest $2,000,000.00 in Certificates of Deposit with terms of either 6 or 12 months. Bidders must submit their proposals to the Finance Director by 1 p.m. on March 31, 2026. If the bank uses the CDARS program, interest must be paid from the deposit date to the investment date. The funds will be available on April 3, 2026.

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