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Treasurer seeks authority to renew maturing CD at 4.35%; council placed item on regular agenda
2444133 · February 27, 2025
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Summary
The city treasurer reported one 6-month certificate of deposit matured and recommended renewing at 4.35% with United Community Bank; the council authorized placing the renewal on the regular agenda and gave the treasurer permission to proceed before the next meeting if the rate changed.
Treasurer Acanzo informed the committee that one of the city’s certificates of deposit matured and recommended renewing the investment at a 4.35% interest rate offered by United Community Bank.
Acanzo said the prior rate…
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