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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.

We are Hiring!

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

Interest Rates

We closely monitor local market conditions in order to provide the most competitive rates in the area.

Deposit Rates

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%

Smart Rate Money Market

Comparison table of Smart Rate Money Market
Min. Opening Deposit Balance/Term Interest Rate APY*
$25,000 $0.01 - $24,999.99 0.03% 0.03%
$25,000 $25,000.00 - $49,999.99 0.05% 0.05%
$25,000 $50,000.00 - $89,999.99 0.10% 0.10%
$25,000 $90,000.00 and above 0.25% 0.25%

Prime Checking

Comparison table of Prime Checking
Min. Opening Deposit Balance/Term Interest Rate APY*
$5,000 $0.01 - $4,999.99 0.01% 0.01%
$5,000 $5,000.00 - $9,999.99 0.02% 0.02%
$5,000 $10,000.00 and above 0.03% 0.03%

55 Classic Checking (55 Years or Older)

Comparison table of 55 Classic Checking (55 Years or Older)
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%

Classic Checking with Interest

Comparison table of Classic Checking with Interest
Min. Opening Deposit Balance/Term Interest Rate APY*
$500 $0.01 and above 0.01% 0.01%

Health Savings

Comparison table of Health 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%

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%

Early Saver Savings (Younger than 18)

Comparison table of Early Saver Savings (Younger than 18)
Min. Opening Deposit Balance/Term Interest Rate APY*
$25 Personal 0.01% 0.01%

Business Money Market Savings

Comparison table of Business Money Market Savings
Min. Opening Deposit Balance/Term Interest Rate APY*
$25,000 $0.01 - $24,999.99 0.03% 0.03%
$25,000 $25,000.00 - $49,999.99 0.04% 0.04%
$25,000 $50,000.00 and above 0.05% 0.05%

Business Classic Savings

Comparison table of Business Classic Savings
Min. Opening Deposit Balance/Term Interest Rate APY*
$200 $0.01 - $4,999.99 0.01% 0.01%
$200 $5,000.00 - $9,999.99 0.02% 0.02%
$200 $10,000.00 and above 0.03% 0.03%

Business Checking With Interest

Comparison table of Business Checking With Interest
Min. Opening Deposit Balance/Term Interest Rate APY*
$100 $0.01 and above 0.01% 0.01%

Corporate Checking

Earnings Credit: 0.01%

Minimum deposit to open is $100.00

1 Certificates of Deposit

Loan Rates

For our current lending rates, please contact us today!

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