Town of Thurston Minutes Regular Meeting 2026-04-15
Town invests $225,000 in CD with Five Star Bank
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Description
The Thurston Town Board approved placing $225,000 in General and Highway fund balances into a 6‑month certificate of deposit with Five Star Bank at 3.25% interest. The action is intended to increase interest income while keeping funds FDIC insured through a deposit placement program.
Contract Details
Vendor
FIVE STAR BANK
Agency
Town of Thurston, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
6-month Certificate of Deposit (CD) at 3.25% interest
Renewal Info
Single 6‑month CD term; any renewal or rollover after maturity would require a future board action or bank instruction not specified in the minutes.
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