Minneota Public Schools Regular Meeting Agenda Packet May 13 2026
District Invests in Affinity Bank CD with Bond Funds
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Description
The district purchased a $243,700 certificate of deposit with Affinity Bank, National Association, GA at 3.600% interest using 2023B taxable bond funds, with maturity on September 15, 2026. This CD is part of its MNTrust-managed investments.
Contract Details
Contract Amount
$243,700.00 CD principal
Vendor
AFFINITY BANK NATIONAL ASSOCIATION GA
Agency
Minneota Public School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Trade and settle date 01/05/2026; maturity date 09/15/2026
Renewal Date
2026-09-15
Renewal Info
CD matures September 15, 2026; future renewal would require a separate action.
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Minneota Public Schools Regular Meeting Agenda Packet May 13 2026
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