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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

Prime Checking

Part Checking, Part Savings

Our Prime Checking Account has the perks of a checking account with the competitive interest rates of a traditional savings account.

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

Prime Checking Details

  • Minimum opening deposit: $5,000.00
  • Minimum balance: $5,000.00 minimum or $10,000.00 average balance
  • Monthly minimum balance charge: $10.00 (if below required minimum)
  • Earns interest monthly
  • Account statements: monthly
  • Unlimited account activity
  • Free debit card
  • Free Online Banking and Bill Pay

More Information

Checking FAQ Debit Card FAQ


 

* APY = Annual Percentage Yield

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%

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 Checking Account Request

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