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Mask Up, Minnesota

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.

Bill Pay Maintenance

During the weekend of October 24-25, 2020 CBO will be conducting maintenance on our Digital Banking Suite Bill Pay product. Bill Payments will not be available from 10:00 PM Oct. 24 to 4:00 AM Oct. 25. We apologize for this inconvenience.

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
Tatum  Wacholz
Tatum Wacholz Personal Banker About Me
Roxanne Rezac
Roxanne Rezac Personal Banker About Me

Get Started with Your Checking Account Request

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