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FINANCIAL_SERVICESAPPROVED

City of Wayland Council Meeting Minutes July 2025

City Renews and Purchases CDs at White State Bank

3.7% interest for 14 months on renewal CD; $50,000 for new CD at 3.7% for 14 monthsCity of WaylandWHITE STATE BANKJuly 16, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City Council approved renewing a certificate of deposit and purchasing a new $50,000 CD at 3.7% interest for 14 months at White State Bank.

Contract Details

Contract Amount

3.7% interest for 14 months on renewal CD; $50,000 for new CD at 3.7% for 14 months

Vendor

WHITE STATE BANK

Agency

City of Wayland, IA

Contract Type

FINANCIAL_SERVICES

Document Date

July 16, 2025

Contract Term

14 months

Renewal Date

2026-09-16

Renewal Info

Both renewed and purchased CDs are for 14 months at fixed interest rate.

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