village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
United Fidelity Granted Village CD Investments
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Description
The Village of Ramsey awarded United Fidelity two new General Fund CD investments, splitting a maturing $50,000 into a $25,000 three-year CD at 4.16% APY and a $25,000 five-year CD at 4.25% APY. The CDs will commence upon the Midland Bank CD maturity in October 2025.
Contract Details
Contract Amount
$25,000 at 4.16% APY (3-year); $25,000 at 4.25% APY (5-year)
Vendor
UNITED FIDELITY
Agency
Town of Ramsey, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
$25,000 CD for 3 years at 4.16% APY; $25,000 CD for 5 years at 4.25% APY, both starting at Midland CD maturity on or about October 11, 2025
Renewal Date
2030-10-11
Renewal Info
CDs are for fixed 3-year and 5-year terms with no renewal provisions mentioned; renewal decisions will be made at future maturities.
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village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
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