City of Newhall Council Meeting Minutes April 2026
City Reinvests CDs with Atkins Savings Bank
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Description
Newhall approved Resolution 2026-003 to reinvest two matured CDs totaling $54,028.07 at Atkins Savings Bank into new higher-interest certificates. The CDs will be placed in 12- or 18-month terms to optimize earnings for the General and Fire Funds.
Contract Details
Contract Amount
$11,188.48 (CD 14060) and $42,839.59 (CD 14057)
Vendor
ATKINS SAVINGS BANK
Agency
City of Newhall, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
12 or 18 month term for CD 14060; 12 month term for CD 14057
Renewal Info
CD 14060 to be renewed into a 12 or 18 month term at the highest rate; CD 14057 to be renewed into a 12 month term at the highest rate.
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