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Scheduled Maintenance for the weekend of 6-24-22 thru 6-26-22

There is maintenance scheduled for this weekend (June 24-26). There could be a potential for sporadic availability of images throughout the weekend. Community Bank Owatonna will be available normal hours on Friday and Saturday if you have issues please call.

4th of July Closing

Community Bank Owatonna will be closed Saturday July 2nd through Monday July 4th for the holiday. Please have a wonderful and safe holiday.

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 June 28th, 2022
* 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 1.25% 1.25%
$1,000 4 Years 0.80% 0.80%
$1,000 3 Years 0.60% 0.60%
$1,000 2 Years 0.55% 0.55%
$1,000 1 Year 0.50% 0.50%
$1,000 182 Days 0.35% 0.35%
$1,000 91 Days 0.25% 0.25%

CD Specials 1

Comparison table of CD Specials 1
Min. Opening Deposit Balance/Term Interest Rate APY*
$5,000 33 Month 2.48% 2.50%
$5,000 15 Month 1.49% 1.50%

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Your Personal 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

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