Penn Township Supervisor Meeting Minutes April 15 2026
Township Invests in Three-Year CD with Edward Jones
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Description
Penn Township authorized the purchase of a $250,199.99 certificate of deposit from Edward Jones for a three-year term at 4.05% interest. This action reinvests township funds into a longer-term financial instrument.
Contract Details
Contract Amount
$250,199.99
Vendor
EDWARD JONES
Agency
Town of Penn, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
3 years at 4.05% interest
Renewal Date
2029-04-15
Renewal Info
CD will mature after three years; no automatic renewal terms stated in the minutes.
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