Village of Sheffield Village Board Minutes 2026-04-14
Village Reinvests CDs with Peoples National Bank
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Description
The Village of Sheffield Board voted to reinvest three General Fund CDs and one TIF Fund CD maturing April 25, 2026 into a 9‑month special CD with Peoples National Bank at a 3.75% interest rate. The action consolidates short-term investments while maintaining access to funds if needed.
Contract Details
Vendor
PEOPLES NATIONAL BANK
Agency
Sheffield village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
9-month special CD at 3.75% interest starting April 25, 2026
Renewal Date
2027-01-25
Renewal Info
CDs are being rolled over into a new 9‑month special certificate of deposit; they may be cashed in early if necessary as discussed by the board.
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