groton_cemetery_commission_minutes_october_2025.pdf
Cemetery CD invested with Wells River Savings Bank
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Description
The Groton Cemetery Commission approved investing its $97,844.25 certificate of deposit with Wells River Savings Bank in a 12‑month CD at 4% interest (4.07% APY). This action designates the bank as the depository for cemetery funds during the term.
Contract Details
Contract Amount
$97,844.25
Vendor
WELLS RIVER SAVINGS BANK
Agency
Town of Groton, VT
Contract Type
FINANCIAL_SERVICES
Document Date
October 16, 2025
Contract Term
12 months at 4% APY (CD)
Renewal Date
2026-10-16
Renewal Info
CD placed for a 12‑month term at 4% with potential to reinvest or move funds at maturity; no automatic renewal terms noted.
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