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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.

Savings Accounts

Smart Ways to Save

Whether you’re saving for a summer vacation or a rainy day, we have the savings plan that is right for you:

Comparison table of personal checking accounts
  Classic Savings Early Saver Money Markets Certificates of Deposit
Minimum Opening Deposit $50.00 $25.00 $25,000.00 $1,000.00
Minimum Balance $50.00 $25.00 $25,000.00 $1,000.00
Monthly Minimum Balance Charge $5.00 (if below required minimum) $5.00 (if below required minimum) $20.00 (if below required minimum) N/A
Interest Bearing Yes
(See Rates)
Yes
(See Rates)
Yes
(See Rates)
Yes
(See Rates)
Account Statements Quarterly Quarterly Monthly Monthly
Unlimited Account Activity 4 4 6 None
Free Debit Card check mark   check mark  
Free Online Banking check mark   check mark  
Product Details Learn More Learn More Learn More Learn More
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