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Free Kasasa Checking and Savings!

Check out our free Kasasa accounts and their benefits now! - Kasasa Accounts

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.

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 0.05% 0.05%
$5,000 $5,000.00 – $9,999.99 0.05% 0.05%
$5,000 $10,000.00 and above 0.10% 0.10%

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

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