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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.

Bill Pay Maintenance

During the weekend of October 24-25, 2020 CBO will be conducting maintenance on our Digital Banking Suite Bill Pay product. Bill Payments will not be available from 10:00 PM Oct. 24 to 4:00 AM Oct. 25. We apologize for this inconvenience.

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 14, 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
Tatum  Wacholz
Tatum Wacholz Personal Banker About Me
Roxanne Rezac
Roxanne Rezac Personal Banker About Me

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