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11 - City Depository 2023-25
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02 - FEBRUARY
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February 27
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11 - City Depository 2023-25
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Depository Bids 2023 <br />Bid Comparison <br />The remaining terms of the contract are the same for both banks. <br />Liberty <br />Farmers <br />CD Rates: <br />..._......._ ..._.. <br />.............. <br />CDs less than $100,000 <br />Basis Points <br />Basis Points <br />7-13 days <br />T- Bill Rate <br />Plus 0 <br />Minus 80 <br />14-29 days <br />T- Bill Rate <br />Plus 0 <br />Minus 70 <br />30-59 days <br />T- Bill Rate <br />Plus 0 <br />Minus 60 <br />60-89 days <br />T- Bill Rate <br />Plus 10 <br />Minus 50 <br />90-179 days <br />T- Bill Rate <br />Plus 20 <br />Minus 50 <br />180-365 days <br />T- Bill Rate <br />Plus 30 <br />Minus 50 <br />CDs more than $100,000 <br />7-13 days <br />T- Bill Rate <br />Plus 0 <br />Minus 80 <br />14-29 days <br />T- Bill Rate <br />Plus 0 <br />Minus 70 <br />30-59 days <br />T- Bill Rate <br />Plus 0 <br />Minus 60 <br />60-89 days <br />T- Bill Rate <br />Plus 15 <br />Minus 50 <br />90-179 days <br />T- Bill Rate <br />Plus 25 <br />Minus 50 <br />180-365 days <br />T- Bill Rate <br />Plus 35 <br />Minus 50 <br />No floor on rate <br />2% floor <br />No ceiling on rate <br />4.75% ceiling <br />Consolidated Cash Account Rate <br />T -Bill plus 10 basis pts. <br />T -Bill minus 50 basis pts. <br />No floor on rate <br />1.5% floor <br />No ceiling on rate <br />4.00% ceiling <br />The remaining terms of the contract are the same for both banks. <br />
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