city_of_irwindale_investment_report_september_2025.pdf
Discover Bank FDIC-insured CD held
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Description
The city holds a $245,000 FDIC-insured Discover Bank CD at 4.55% interest maturing July 17, 2028, contributing to long-term insured deposits.
Contract Details
Contract Amount
$245,000 (par)
Vendor
DISCOVER BANK
Agency
City of Irwindale, CA
Contract Type
FINANCIAL_SERVICES
Document Date
September 30, 2025
Contract Term
07/19/2023 – 07/17/2028
Renewal Date
2028-07-17
Renewal Info
CD matures in mid-2028; reinvestment plans to be determined then.
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