City of Nicollet Minutes Regular Meeting 2026-04-13
Certificates of Deposit Auto-Renewed at Pro Growth Bank
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Description
The City of Nicollet's two 9-month certificates of deposit at Pro Growth Bank, each valued at $250,000, auto-renewed in March 2026 at an interest rate of 3.88% under updated renewal terms.
Contract Details
Vendor
PRO GROWTH BANK
Agency
Town of Nicollet, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
9-month CD, renewed March 2026; auto-renewing
Renewal Date
2026-12-01
Renewal Info
CDs auto-renew for a like term at the current rate unless presented for payment within 10 days of maturity; reflects current policy change effective 2026.
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