Library invests $200K in one-year PMA CD
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Description
The Manhattan-Elwood Public Library District approved investing $200,000 into a one-year high yield certificate of deposit with PMA following the maturity of existing CDs. The action reallocates certificate fund balances into a higher-yield financial product.
Contract Details
Contract Amount
$200,000
Vendor
PMA
Agency
Manhattan Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
September 22, 2025
Contract Term
1-year certificate of deposit
Renewal Info
One-year CD investment; renewal or reinvestment to be considered at maturity based on available rates.
More from PMA
More from Manhattan Public Library District
Manhattan-Elwood Public Library District Board Meeting Agenda February 2026
manhattan_elwood_public_library_board_meeting_agen.pdf
manhattan_elwood_public_library_district_board_min.pdf
manhattan_elwood_public_library_district_board_min.pdf
manhattan_elwood_public_library_district_board_min.pdf
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