Oregon Depository Certification of Funds on Deposit

State:
Oregon
Control #:
OR-SKU-1579
Format:
PDF
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Description

Depository Certification of Funds on Deposit

Oregon Depository Certification of Funds on Deposit is a type of financial product offered by the Oregon State Treasury that allows individuals and businesses to deposit funds into an account with the state treasury. The funds are then held in a separate account, and a certificate is issued to the depositor. The Oregon Depository Certification of Funds on Deposit provides depositors with a secure and convenient way to store their money, as funds are protected by the Oregon State Treasury. There are two types of Oregon Depository Certifications of Funds on Deposit: Certificate of Deposit and Money Market Fund. The Certificate of Deposit is a type of deposit product that offers a fixed rate of return and is typically used for short-term savings goals. The Money Market Fund is a type of investment product that invests in a variety of short-term securities and offers higher returns than the Certificate of Deposit. Both products are insured by the Oregon State Treasury and are held in a separate account.

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Page 1 – Form 9.180. A certificate of deposit (CD) is a savings product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time.A governmental unit which is unsure whether a depository is certified to receive its funds may contact the Department or use the above link. There is a two-step process for financial institutions to receive state funds. I 295Certificate of Interested Parties. State Government websites value user privacy. To learn more, view our full privacy policy. If you would like to become an approved depository you can fill out an application. I 295Certificate of Interested Parties. 080, Deposit of public funds in public depositary required—Deposits in institutions located outside the state.

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Oregon Depository Certification of Funds on Deposit