Reserve Fund CD with First Priority Bank/Mid Penn
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Description
The Borough’s Reserve Fund includes a $274,880.01 certificate of deposit with First Priority Bank/Mid Penn at 4.10% interest, maturing January 31, 2026. The CD is expected to earn approximately $2,840.68 in interest.
Contract Details
Contract Amount
$274,880.01 principal; estimated interest $2,840.68 at 4.10%
Vendor
FIRST PRIORITY BANK/MID PENN
Agency
Borough of North Wales, PA
Contract Type
FINANCIAL_SERVICES
Document Date
January 1, 2026
Contract Term
January 31, 2025 – January 31, 2026 (365-day CD term)
Renewal Date
2026-01-31
Renewal Info
Upon the 2026-01-31 maturity, the Borough can renew, reinvest, or redeem this CD.
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borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
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