[SBU Board] Report on CD

[Ann Romeo]

Thanks to all for your efforts on this:  Larry, for the idea, Monty and
John for the follow-up!
Ann Romeo
Personal email: annromeo at gmail.com
Local home: 206-526-0871
Work email: Ann.Romeo at ORCInternational.com
Work direct dial: 212-463-6331
My cell: 425-615-1413 (text ok)










On Mon, Dec 10, 2018 at 1:08 PM Mike Christensen <quirk_1 at hotmail.com>
wrote:

> Sounds good!
>
> Cheers,
> Mike
> ------------------------------
> *From:* Sbuboard <sbuboard-bounces+quirk_1=
> hotmail.com at mailman.celestial.com> on behalf of Monty Gray <
> mlgrayjr at gmail.com>
> *Sent:* Monday, December 10, 2018 8:29 AM
> *To:* Seattle ACBL Unit Board
> *Subject:* [SBU Board] Report on CD
>
>
> As the board authorized at its last meeting, we have cashed in the Key
> Bank CD and placed $35,000 of the Unit’s money in a new account that we
> opened in the name of the Unit at Charles Schwab & Co.  We have invested
> this money in an FDIC-insured CD issued by Wells Fargo that will mature in
> two years, on December 14, 2020, and pays interest at an annual rate of
> 3.1%, or $1,085 per year.  The old Key Bank CD, which was in a lesser
> amount, paid interest of about $100 per year.  Thanks to Larry for
> suggesting that we explore alternatives.
>
>
>
> Approximately $15,000 remains in the Unit’s checking account at Key Bank
> for day-to-day needs.
>
>
>
> Monty Gray
>
>
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