City of Newhall Council Meeting Minutes April 2026
Fire Fund CDs Renewed at Chelsea Savings Bank
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Description
Through Resolution 2026-003, Newhall authorized reinvesting two Fire Fund CDs totaling $56,236.45 at Chelsea Savings Bank into new 12-month certificates at the highest available rate. The move seeks to maximize interest earnings on fire department savings.
Contract Details
Contract Amount
$36,207.69 (CD 302142) and $20,028.76 (CD 302215)
Vendor
CHELSEA SAVINGS BANK
Agency
City of Newhall, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
12 month term for each CD
Renewal Info
Both CDs will be renewed into new 12 month terms at the best available rate.
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