District OKs Edward Jones to Reinvest CDs
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Description
Mayes County Rural Water District No. 2 authorized Edward Jones Company to reinvest seven maturing certificates of deposit totaling $1,460,000 plus interest. The funds will be placed in one-year CDs at the best available FDIC-insured rates.
Contract Details
Contract Amount
$1,145,000 plus interest and $315,000 (CD principal amounts to be reinvested)
Vendor
EDWARD JONES COMPANY
Agency
Mayes County Rural Water District 2, OK
Contract Type
FINANCIAL_SERVICES
Document Date
January 12, 2026
Contract Term
One-year terms for reinvested CDs starting at respective maturity dates (January 30, 2026 and March 2026)
Renewal Date
2027-03-31
Renewal Info
Board authorization covers reinvestment of the specific CDs maturing January 30, 2026 and in March 2026 into new one-year terms at prevailing rates with FDIC coverage; future reinvestments will require subsequent Board action.
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