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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

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 None $25,000.00 $1,000.00
Monthly Minimum Balance Charge $5.00 (if below required minimum) N/A $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 6 6 6 None
Free Debit Card check mark   check mark  
Free Online Banking check mark   check mark  
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