Financial Institution Depository Services (RFP)

Establish a depository relationship which will meet or exceed the following objectives: Depository agreement providing services and supplies at no cost to the District. Holding a minimum target balance to offset fees could satisfy this objective. Earnings on deposits shall be maximized by either an overnight investment account with sweep capabilities, an interest-bearing checking account, or a combination thereof, All funds shall be deposited in interest-bearing accounts one hundred percent of the time. Providing earnings credit on balances could satisfy this condition. In the event that investment earnings potential is greater through outside agreements, it shall be considered in the public interest to invest in those instruments. Activity on the Account Balances and Transactions attachment does not include activity in the investment account.