City of Abbotsford Agenda Packet 2026-06-01
Library Board Targets Higher CD Rate at Nicolet
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Description
The Abbotsford Public Library Board directed that, if RCU does not match Nicolet’s 3.8% APY, the City should transfer two existing RCU CDs into a 12‑month certificate of deposit at Nicolet. The move is intended to secure a higher yield on library funds.
Contract Details
Contract Amount
3.8% APY for 12‑month CD (principal amounts from two RCU CDs)
Vendor
NICOLET
Agency
City of Abbotsford, WI
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
12-month certificate of deposit
Renewal Info
Single 12‑month CD term at 3.8% APY; future renewal decisions to be made upon maturity.
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