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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.

Business Classic Savings

A Flexible Way to Save

With a CBO Business Classic Savings Account, you earn interest on balances as low as $200.00 and have access to your funds when you need it — up to four withdrawals per month.

Business Classic Savings Details

  • Minimum opening deposit: $200.00
  • Minimum balance: $200.00
  • Monthly minimum balance charge: $5.00 (if below required minimum)
  • Earns interest quarterly
  • Account statements: quarterly
  • Withdrawals per month: 4
  • Free debit card
  • Online Banking and Bill Pay

 

* APY = Annual Percentage Yield

Business Classic Savings

Comparison table of Business Classic Savings
Min. Opening Deposit Balance/Term Interest Rate APY*
$200 $0.01 - $4,999.99 0.01% 0.01%
$200 $5,000.00 - $9,999.99 0.02% 0.02%
$200 $10,000.00 and above 0.03% 0.03%

Savings Calculator

Visit our office to open an account.

Your Business 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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