City of Webster City Agenda Packet 2026-01-05
City Invests $1.5M in CD with WCF Bank
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Description
Webster City placed $1,500,000.00 into a 12‑month certificate of deposit at 3.82% with WCF Financial Bank as part of its wastewater or related fund investments.
Contract Details
Contract Amount
$1,500,000.00
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 2025-12-16 and may be renewed or reallocated according to the city’s investment strategy.
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