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Board agrees to roll certificates of deposit until yields fall to 3.5%
Summary
The board authorized staff to continue rolling CDs while yields remain above 3.5% and asked to be notified if rates fall to 3.5% or lower.
The Delaware County Regional Wastewater District authorized staff to continue rolling certificates of deposit (CDs) while interest rates remain above a 3.5% threshold.
Jason said the district's CDs are currently yielding near 4% and asked for direction on whether to continue rolling them at current rates. The board approved continuing to roll the CDs and instructed Jason to notify the board if yields fall to 3.5% or below, at which point the board will reconsider strategy.
The motion passed on a voice vote. Staff will monitor market rates and report any change that would trigger the board’s reconsideration.
