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Mask Up, Minnesota

Effective 07/25/2020 Community Bank Owatonna will require all individuals entering the bank to wear a mask as required by MN Emergency Executive Order 20-81. See the MN Department of Health for more information.

“55” Classic Checking

Age has its Advantages

We designed this checking account especially for customers who are 55 and up. Earn interest without having to pay a monthly service charge!

CBO offers tiers that provide increasingly high interest rates for higher balances.

“55” Classic Checking Details

  • Minimum opening deposit: $50.00
  • Minimum balance: none
  • Monthly minimum balance charge: none
  • Earn interest monthly
  • Account statements: monthly
  • Unlimited account activity
  • Free debit card
  • Free Online Banking and Bill Pay
  • Free money orders and cashier's checks
  • Free first order of basic style checks 
  • 1/2 off the cost of a safe deposit box (any size!)

More Information

Checking FAQ Debit Card FAQ


 

* APY = Annual Percentage Yield

55 Classic Checking (55 Years or Older)

Comparison table of 55 Classic Checking (55 Years or Older)
Min. Opening Deposit Balance/Term Interest Rate APY*
$50 $0.01 - $4,999.99 0.01% 0.01%
$50 $5,000.00 - $9,999.99 0.02% 0.02%
$50 $10,000.00 and above 0.03% 0.03%

Your Personal Banking Team

Shannon Rhoades
Shannon Rhoades Operations Supervisor About Me
Hope Allen
Hope Allen Personal Banker About Me
Tatum  Wacholz
Tatum Wacholz Personal Banker About Me
Roxanne Rezac
Roxanne Rezac Personal Banker About Me

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