Money Market Funds Shifted to 4-Year FDIC-Insured CDs
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Description
In 2025, the District allocated $250,000 from the Five Star Money Market account to invest in four non-callable, four-year FDIC-insured Certificates of Deposit, diversifying its portfolio.
Contract Details
Contract Amount
$250,000 (2025)
Vendor
FIVE STAR MONEY MARKET
Agency
South Placer Municipal Utility District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
November 6, 2025
Contract Term
Four-year Certificates of Deposit purchased in 2025
Renewal Date
2029-06-30
Renewal Info
Four-year term CDs, no renewal or auto-rollover identified in document.
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