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Council approves $1M CD renewal at 4.5% with Mid America Bank
Baldwin City Council · April 8, 2026
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Summary
Council approved renewal of a $1,000,000 certificate of deposit for two years at an offered rate of 4.5% from Mid America Bank; staff recommended the highest of three bids received.
The Baldwin City Council approved renewal of a $1,000,000 certificate of deposit at Mid America Bank for two years at a 4.5% rate.
City staff said three banks bid for the CD; Mid America Bank’s 4.5% offer was the highest of the bids and staff recommended accepting that rate. Council voted to approve the renewal.
