Specifications include, but are not limited to: The Nicholas County Board of Education is seeking proposals for an interest-bearing demand account to serve as depository for the Board’s General Current Expense Fund for the period beginning on or near July 1, 2025. Depository bank shall provide interest on all funds. Bank will stipulate how it will compute interest, such as fed fund rate, money fund rate, NY Prime etc. on a given day. Depository bank bidder shall stipulate the proposed interest rate and the balance used for interest calculation (e.g. daily/monthly average and/or actual). Interest will be paid on the account at the end of each month. Interest shall be earned for 365 days per year, compounded daily and calculated each day on a 365-day basis.
