Humboldt Community Services District Board Meeting Agenda May 2025
$2 Million CD Investment Approved with Redwood Capital Bank
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Description
The Board approved a $2,000,000 investment in a fully FDIC-insured one-year Certificate of Deposit with Redwood Capital Bank at a 3.50% yield.
Contract Details
Contract Amount
$2,000,000 (principal invested); annualized yield 3.50%
Vendor
REDWOOD CAPITAL BANK
Agency
Humboldt Community Services District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 27, 2025
Contract Term
52 weeks from April 22, 2025 (to April 21, 2026)
Renewal Date
2026-04-21
Renewal Info
Term is one year. Upon maturity, renewal or rollover can be authorized by the Board.
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