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Community Bank Owatonna will be closed on Monday July 5, 2021 in observance of Independence Day.

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New Kasasa account!

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 0.04% 0.04%
$25,000 $50,000.00 and above 0.05% 0.05%

Savings Calculator

Your Business Banking Team

Shannon Rhoades
Shannon Rhoades Operations Supervisor About Me
Hope Allen
Hope Allen Personal Banker About Me
Stacey Krause
Stacey Krause Personal Banker About Me
Roxanne Rezac
Roxanne Rezac Personal Banker About Me
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