Skip to main content Go to Online Banking

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.

We are Hiring!

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

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 monthly
  • Account statements: quarterly
  • Withdrawals per month: 6
  • 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
Roxanne Rezac
Roxanne Rezac Personal Banker About Me

Get Started with Your Savings Account Request

Tell Us About Yourself

Physical Address

Mailing Address

Driver’s License

Some content requires Adobe Acrobat Reader to view.