town-of-eureka-town-board-meeting-minutes-september-9-2025_cfb.pdf
Township Invests Reserves in Genesys CDs
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Description
Eureka Township approved placing $100,000 of General Fund reserves into two certificates of deposit with Genesys at 4.4% and 4.3% interest for 7 and 13 months respectively. The action is intended to improve investment yields on township reserves.
Contract Details
Contract Amount
$50,000 in a 7-month CD and $50,000 in a 13-month CD
Vendor
GENESYS
Agency
Town of Eureka, MN
Contract Type
FINANCIAL_SERVICES
Document Date
September 9, 2025
Contract Term
7-month CD; 13-month CD
Renewal Info
Short-term CDs; future reinvestment or rollover decisions will be needed at maturity.
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APPROVEDtown-of-eureka-town-board-meeting-minutes-september-9-2025_cfb.pdf
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