Minneota Public Schools Regular Meeting Agenda Packet May 13 2026
District Holds Cornerstone Bank CD Through MNTrust
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Description
Through MNTrust, Minneota Public Schools maintains a $235,300 certificate of deposit with Cornerstone Bank, NE yielding 4.149% and maturing July 28, 2026. This CD is part of the district’s diversified investment holdings.
Contract Details
Contract Amount
$235,300.00 CD principal
Vendor
CORNERSTONE BANK NE
Agency
Minneota Public School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Trade and settle date 02/04/2025; maturity date 07/28/2026
Renewal Date
2026-07-28
Renewal Info
Upon the July 28, 2026 maturity date, the district may choose to redeem or reinvest the CD; renewal terms are not automatic in the statement.
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