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Flathead County’s investments still growing sluggishly - Daily Inter Lake: News

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Flathead County’s investments still growing sluggishly

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Posted: Tuesday, January 29, 2013 10:00 pm

Flathead County’s investments are chugging along, albeit at continued historically low interest rates, County Treasurer Adele Krantz told the county commissioners on Monday.

The interest rate on the short-term investment pool run by the state has slipped even further, from .29 percent at the end of the first quarter of fiscal year 2013 to .24 percent for the quarter ending Dec. 31. The county pulled its money from that investment pool in early 2010 when the interest rate then had dropped to an unprecedented .31 percent, and hasn’t tapped into it since.

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          AP Montana