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McDonald County commissioners unanimously renew five county CDs as rates fall
Summary
On Dec. 11, 2024 McDonald County commissioners voted unanimously to renew five six-month county certificates of deposit after the County Treasurer reported rates fell from 4.75% to 4.12%; Commissioner Rick Lett moved the renewal and Commissioner Jamey Cope seconded.
The County Treasurer presented five county six-month certificates of deposit that were up for renewal at the Dec. 11, 2024 McDonald County Commission meeting and reported that rates had decreased from 4.75% to 4.12%.
Commissioner Rick Lett moved to renew all five CDs for another six months; Commissioner Jamey Cope seconded the motion. The minutes record the commissioners voted unanimously in favor of the renewal. The minutes do not list dissenting votes or abstentions.
The minutes indicate the commission was absent for the remainder of the day. The commission recorded it would reconvene Dec. 16, 2024. The minutes do not specify the financial institution holding the CDs or projected interest revenue from the renewal.
