The North Mercer R-3 Board of Education voted at a special meeting on December 20 to reinvest $750,000 into a new seven-month certificate of deposit (CD).
Superintendent Wade Hall reports the reinvestment will occur when the school district’s existing seven-month CD matures on Tuesday, December 26, with First Interstate Bank.
The interest accrued from the current CD will be transferred into the district’s money market account with the bank.
