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Our Lobby is Temporarily Closed

Community Bank Owatonna's lobby is temporarily closed to regular customer traffic. Our drive-up is open regular hours. The lobby is accessable by appointment for access to safe deposit boxes and banking needs that cannot be accommodated via the drive-up or the CBO Digital Banking Suite. As required by MN Emergency Order 20-81, all individuals entering the lobby will be required to wear a mask.

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We are hiring for a Part Time Personal Banker. Please see our Career page for more details. Careers

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 October 29, 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 5 Years 0.50% 0.50%
$1,000 4 Years 0.40% 0.40%
$1,000 3 Years 0.30% 0.30%
$1,000 2 Years 0.20% 0.20%
$1,000 1 Year 0.10% 0.10%
$1,000 182 Days 0.05% 0.05%
$1,000 91 Days 0.01% 0.01%

CD Specials 1

Comparison table of CD Specials 1
Min. Opening Deposit Balance/Term Interest Rate APY*
$5,000 9 Month 0.35% 0.35%
$5,000 30 Month 0.65% 0.65%
$5,000 51 Month 0.80% 0.80%

Savings Calculator

Your Personal Banking Team

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

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