Library Weighs Renewal of Beacon Bank CD
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Description
The Willington Public Library Board will consider whether to renew or close its 6‑month certificate of deposit with Beacon Bank, holding a balance of $59,912.65 as of May 5, 2026. The decision includes options for a 6‑ or 12‑month renewal or transferring the funds to a dedicated account in anticipation of establishing an investment or endowment fund.
Contract Details
Contract Amount
$59,912.65 (current CD balance as of May 5, 2026)
Vendor
BEACON BANK
Agency
Willington School District, CT
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
6‑month certificate of deposit maturing May 14, 2026; potential renewal for 6 or 12 months
Renewal Date
2026-05-24
Renewal Info
CD matures May 14, 2026 with a 10‑day decision window; Board may renew for an additional 6 or 12 months or close and transfer funds to another account prior to creation of an investment/endowment fund.
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