City of Webster City Agenda Packet 2026-01-05
Webster City Adds $300K CD at WCF Financial
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Description
The city placed $300,000.00 into a 12‑month, 3.82% certificate of deposit with WCF Financial Bank as part of its portfolio of insured deposits.
Contract Details
Contract Amount
$300,000.00
Vendor
WCF FINANCIAL BANK
Agency
City of Webster, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 5, 2026
Contract Term
12-month certificate of deposit at 3.82% starting 2025-12-16
Renewal Date
2026-12-16
Renewal Info
CD will mature one year from the 2025-12-16 purchase date; continuation subject to future council or staff action.
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