dwight_township_high_school_district_230_board_min.pdf
District Weighs CD Investment with Peoples National Bank
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Description
Dwight Township High School District explored investing up to $3,000,000 in certificates of deposit with Peoples National Bank of Kewanee, reviewing quoted rates of 0.09% for 12 months and 1.01% for 24 months. The superintendent plans to recommend a 12‑month CD and seek formal board approval in November.
Contract Details
Contract Amount
$3,000,000 potential investment
Vendor
PEOPLES NATIONAL BANK OF KEWANEE
Agency
Dwight Twp HSD 230, IL
Contract Type
FINANCIAL_SERVICES
Document Date
August 20, 2025
Contract Term
12 months or 24 months discussed
Renewal Info
Discussion of a new CD investment; final selection and authorization to be considered at the November board meeting.
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