Council discusses moving road funds, approves CD rollover
Council approved rolling over an expiring CD and asked staff to explore moving road/business checking into a higher-yield money-market option; no final decision made on business checking.
The full story
St. Stephen’s council approved rolling a roughly $60,000 certificate of deposit (CD) with Falcon for 13 months at 4.1% after Treasurer Kurt Niemeyer presented options during the Jan. 8 meeting. The CD was described as maturing on Dec. 8 and the previous rate had been 5.05%.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in