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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 Money Market Savings

Happy Tiers

If you want to earn more with your business savings, consider a business money market account. Our money market savings accounts feature tiers that grant higher interest rates for higher balances. You’ll still have immediate access to your funds — up to four withdrawals a month.

  • Minimum opening deposit: $25,000.00
  • Minimum Balance: $25,000.00
  • Monthly Charge: $20.00 (if below required minimum)
  • Withdrawals: 4 per month
  • Interest bearing: Yes
  • Account Statement: Quarterly
  • Online Banking

Visit our office to open an account.


 

* APY = Annual Percentage Yield

Business Money Market Savings

Comparison table of Business Money Market Savings
Min. Opening Deposit Balance/Term Interest Rate APY*
$25,000 $0.01 - $24,999.99 0.03% 0.03%
$25,000 $25,000.00 - $49,999.99 0.05% 0.05%
$25,000 $50,000.00 and above 0.10% 0.10%

Savings Calculator

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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