city_council_meeting_minutes_oct_6_2025.md
City Opens New 11-Month CD with Oakwood Bank
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Description
Rollingstone renewed its investment relationship with Oakwood Bank by opening a new 11‑month certificate of deposit at a 4.25% rate following maturity of the prior CD. City officials remain authorized signers on the account.
Contract Details
Vendor
OAKWOOD BANK
Agency
Town of Rollingstone, MN
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
11 months at 4.25%
Renewal Info
New CD replaces a matured certificate of deposit at the same bank; renewal or reinvestment options at maturity are not specified.
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