Pooled Money Investment Board

Public Funds vs. MIP

Municipalities must first offer funds available for investment to all eligible banks, savings and loans, and federally charted savings banks which have home offices or branches in the investing community. If the financial institutions will not match or exceed the statutory investment rates as calculated by PMIB (given below), municipalities may invest in their local banks, Municipal Investment Pool (MIP), or other statutory investment options per K.S.A. 12-1675.

12/20/2024 Rates

Terms	Public Funds Rates	MIP Rates
1-29 Days	4.58%	4.08%
30-89 Days	4.58%	4.08%
3 Months	4.30%	3.80%
6 Months	4.26%	3.76%
1 Year	4.24%	3.74%
18 Months	4.19%	3.69%
2 Years	4.15%	3.65%

Notice: This site contains certain limited statistical and financial data relating to activities of the Pooled Money Investment Board of the State of Kansas and has not been prepared or maintained as a source of investor information and should not be relied upon for investment purposes. Investor information regarding State bonds is available at www.emma.msrb.org.