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Board rolls a maturing CD into a 7‑month special at Citizens Bank
Summary
The village board approved rolling a maturing certificate of deposit into a seven-month special at Citizens Bank offering a 4.25% APY; trustees cited timing to align with budget discussions for 2026.
The Village of Waukesha board voted June 6 to renew a maturing certificate of deposit at Citizens Bank in a seven-month special at an advertised 4.25% annual percentage yield.
Staff said the CD matures July 8 and that Citizens’ seven-month special offered a competitive rate compared with other local banks (Landmark and Associated Bank were reviewed for comparison). Trustees noted a seven-month term places maturity near village budget discussions for 2026, which was a reason they favored that option.
A motion to roll the CD into the seven-month special at Citizens Bank passed by voice vote; the packet did not list the dollar amount of the CD.
