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Beaumont renews two CDs and reports $1.46 million in quarterly investment income
2651686 · February 13, 2025
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Summary
The finance department reported second‑quarter investment results, including renewal of two matured certificates of deposit and $1,460,000 of interest received across investment vehicles. Staff also explained use of multiple bank accounts and CD renewal terms.
Beaumont finance staff presented the city’s second‑quarter investment report, saying two certificates of deposit matured and were renewed and that total interest received across the city’s investments for the quarter was $1,460,000.
Staff said one renewed CD was placed for 12 months at a 4.15 percent…
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