City of Webster City Agenda Packet 2026-01-05
City Places $300K CD with WCF Financial Bank
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Description
Webster City invested $300,000.00 in a 12‑month certificate of deposit with WCF Financial Bank at a 3.82% interest rate. The placement follows council authorization for the Finance Director to invest city funds.
Contract Details
Contract Amount
$300,000.00
Vendor
WCF FINANCIAL BANK
Agency
City of Webster, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 5, 2026
Contract Term
12-month certificate of deposit at 3.82% starting 2025-12-16
Renewal Date
2026-12-16
Renewal Info
CD matures in 12 months from 2025-12-16; may be reinvested or redeemed at maturity per investment policy.
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