Relocate Certificate of Deposit accounts
One-time (complete)operationalone_timeAuthorize the relocation of six Village CDs currently held at Keybank to an alternative institution offering a higher interest rate, contingent upon receiving and evaluating three interest rate bids.
First seen
2010-02-01
Latest event
2010-02-01
adopted
Expires
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Resolution text
RESOLVED
- the Clerk is authorized to solicit three interest rate quotes and move the Village's six CDs to the institution offering the highest rate
Lifecycle (1 event)
2010-02-01adoptedvote: unanimous
Move the Village's six CDs from Keybank to an account with the highest interest rate after receiving three bids.
moved by Kovalchik · seconded by Trapp
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Resolved
- the Clerk is authorized to solicit three interest rate quotes and move the Village's six CDs to the institution offering the highest rate
Subject key:
certificate_of_deposit_management