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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.

Classic Savings

Start Earning Interest for as Little as $50.00

A savings account is the foundation of any solid financial plan. Our Classic Savings Account features competitive rates and the tools to manage your money.

Classic Savings Details

  • Minimum opening deposit: $50.00
  • Minimum balance: $50.00
  • Monthly minimum balance charge: $5.00 (if below required minimum)
  • Interest earned quarterly
  • Account statements: quarterly
  • Withdrawals per month: 4
  • Free debit card
  • Free Online Banking

More Information

Debit Card FAQ


 

* APY = Annual Percentage Yield

Classic Savings

Comparison table of Classic Savings
Min. Opening Deposit Balance/Term Interest Rate APY*
$50 $0.01 - $4,999.99 0.01% 0.01%
$50 $5,000.00 - $9,999.99 0.02% 0.02%
$50 $10,000.00 and above 0.03% 0.03%

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

Get Started with Your Savings Account Request

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