borough_of_north_wales_fiscal_year_2026_budget.pdf
Reserve Fund CDARS investment with Ambler Savings Bank
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Description
North Wales Borough’s Reserve Fund holds a $557,010.65 CDARS certificate of deposit with Ambler Savings Bank at 3.93%, maturing September 25, 2026. The investment is projected to earn $16,906.06 in interest over its term.
Contract Details
Contract Amount
$557,010.65 principal; estimated interest $16,906.06 at 3.93%
Vendor
AMBLER SB - CDARS CD
Agency
Borough of North Wales, PA
Contract Type
FINANCIAL_SERVICES
Document Date
January 1, 2026
Contract Term
July 26, 2025 – September 25, 2026 (329-day CD term)
Renewal Date
2026-09-25
Renewal Info
Upon maturity on 2026-09-25 the Borough may choose to renew or reinvest the CDARS funds with Ambler Savings Bank or another institution.
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borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
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