City of Wayland Council Meeting Minutes January 2026
City Renews $100,000 in CDs with Pilot Grove Savings Bank
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Description
The City of Wayland renewed two $50,000 certificates of deposit at Pilot Grove Savings Bank for 11 months at 3.85%. Approval was included as part of the consent agenda.
Contract Details
Contract Amount
$100,000 (two $50,000 CDs)
Vendor
PILOT GROVE SAVINGS BANK
Agency
City of Wayland, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 21, 2026
Contract Term
11 months at 3.85%
Renewal Date
2026-12-21
Renewal Info
Standard CD renewal, no explicit auto-renewal described.
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