Operating Accounts and Investment Accounts
- Municipal Checking Accounts: with automated operating and reconciliation services
- Municipal NOW Accounts: all the benefits of checking accounts plus daily interest
- Municipal Money Market Deposit Accounts: liquidity, online access, wire transfers, transaction limits apply to 3rd party transfers (6 per month), plus daily interest earnings
- Premium Municipal Money Markets: daily liquidity, online access, transaction limits apply to 3rd party transfers (6 per month), plus high premium interest rates for high aggregate balances
- CDs: 7-Day to One-Year terms with competitive market rates for over $100,000 deposits
Collateral Services
Collateralization of public deposits is provided through authorized securities and other instruments permitted under Municipal law and in accordance with NYS Comptroller's guidelines. Third-party custodian is used to maintain pledged securities.
Municipal Finance
All types of government financing programs are offered for bank-qualified, tax-exempt borrowings.
- Municipal financing services include bidding on public and private note sales:
- Bond anticipation notes
- Revenue anticipation notes
- Tax anticipation notes
- Serial bonds (up to 5 years)
- Municipal borrowing for essential equipment purchases is also available through First Niagara's Leasing Division. Flexible Leasing programs accommodate competitive tax-exempt rates and terms needed to meet the municipality's budgetary limits. First Niagara Leasing is also eligible to bid on Energy Performance contracts.
