village-of-ramsey-board-meeting-minutes-october-6-2025_c76.pdf
United Fidelity Selected for Cemetery CD Investment
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Description
The Village of Ramsey board approved a $45,000 cemetery perpetual fund certificate of deposit at United Fidelity with a 3-year term at 4.16% APY. This action secures interest-bearing investment for cemetery funds.
Contract Details
Contract Amount
$45,000.00 (principal CD amount)
Vendor
UNITED FIDELITY
Agency
Town of Ramsey, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
3-year term at 4.16% APY
Renewal Info
Cemetery CD will run for a 3-year term at 4.16% APY; renewal options were not specified and will be considered at maturity.
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