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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.

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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 0.03% 0.03%
$25,000 $25,000.00 - $49,999.99 0.10% 0.10%
$25,000 $50,000.00 - $89,999.99 0.15% 0.15%
$25,000 $90,000.00 and above 0.30% 0.30%

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 Money Market Request

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