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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.

Money Markets

Save More, Earn More

Money markets allow you to invest large balances at higher interest rates than a traditional savings account, and, unlike CDs, you can still access your funds at any time.

CBO offers tiers that provide increasingly high interest rates for higher balances.

Smart Rate Money Market Details

  • Minimum opening deposit: $25,000.00
  • Minimum balance: $25,000.00
  • Monthly minimum balance charge: $20.00 (if below required minimum)
  • Interesting bearing
  • Account statements: monthly
  • Withdrawals per month: 6
  • Free Online Banking

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 0.05% 0.05%
$25,000 $25,000.00 – $49,999.99 0.20% 0.20%
$25,000 $50,000.00 – $89,999.99 0.30% 0.30%
$25,000 $90,000.00 and above 0.45% 0.45%

Savings Calculator

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

Get Started with Your Money Market Request

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