Certificates of Deposit

Set it Aside, Accrue More

Certificates of Deposit (CDs) let you invest your money at a higher interest rate than a traditional savings account. Unlike money market accounts, you can deposit as little as $1,000, but you cannot withdrawal any of the funds until the term of the CD is over.

Certificate of Deposit Details

Minimum opening deposit: $1,000.00¹
Flexible terms ranging from 91 days to 5 years
Guaranteed interest rate during the term of the certificate
Renews automatically upon maturity
Withdrawals per month: N/A

Rates valid as of July 10, 2020
* APY = Annual Percentage Yield

Automatic Renewable Certificates ¹

Comparison table of Automatic Renewable Certificates ¹
Min. Opening Deposit	Balance/Term	Interest Rate	APY*
$1,000.00	5 Years	1.25%	1.25%
$1,000.00	4 Years	1.00%	1.00%
$1,000.00	3 Years	0.75%	0.75%
$1,000.00	2 Years	0.50%	0.50%
$1,000.00	1 Year	0.25%	0.25%
$1,000.00	182 Days	0.10%	0.10%
$1,000.00	91 Days	0.05%	0.05%

CD Specials ¹

Comparison table of CD Specials ¹
Min. Opening Deposit	Balance/Term	Interest Rate	APY*
$5,000.00	9 Month	0.75%	0.75%
$5,000.00	30 Month	1.05%	1.05%
$5,000.00	51 Month	1.10%	1.10%

Annual Percentage Yield (APY) for CDs 1-5 years is based on annual compounding. CDs less than 1 year will compound at term. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

CD Special compounds quarterly and credits interest quarterly.

A penalty may apply for early withdrawal. Early withdrawal penalties: maturity date of one year or less is three months interest; maturity date more than one year is six months interest.

Interest will be credited at term for CDs 1 year or less. Interest for CDs greater than 1 year may be compounded or automatically deposited to your Community Bank Owatonna checking or savings account annually.

You will have 10 calendar days after maturity to withdraw the funds without a penalty.

¹ A $5,000 minimum balance is required for Certificate of Deposit specials

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