jim_thorpe_area_school_district_board_meeting_minu.pdf
District invests $1.25M in 9‑month JTNB CD
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Description
The Jim Thorpe Area School District approved purchasing a 9‑month certificate of deposit from JTNB for $1,250,000.00 at a 4.15% interest rate. The investment was authorized by an 8-0 board vote with one member absent.
Contract Details
Contract Amount
$1,250,000.00
Vendor
JTNB
Agency
Jim Thorpe Area SD, PA
Contract Type
FINANCIAL_SERVICES
Document Date
November 20, 2024
Contract Term
9 month CD at 4.15% interest
Renewal Info
Single 9‑month CD investment; no renewal terms mentioned, may be reinvested at maturity per future board action.
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