What are the current interest rates at Community Bank Owatonna?

Current rates for Community Bank Owatonna include: 12-Month CD: 2.75%, 24-Month CD: 2.50%, 36-Month CD: 2.50%, 48-Month CD: 3.00%, 60-Month CD: 3.00%, Savings: 0.30%, MMA: 0.30%

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Community Bank Owatonna Rates & Review April 2026

Item: Community Bank Owatonna
Rating: 1948
Author: hwjv

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 2, 2026

Community Bank Owatonna's 4 Years Automatic Renewable Certificates rates are at 3.00%, 5 Years Automatic Renewable Certificates rates are at 3.00%, 1 Year Automatic Renewable Certificates rates are at 2.75%, 2 Years Automatic Renewable Certificates rates are at 2.50%, 3 Years Automatic Renewable Certificates rates are at 2.50%. Community Bank Owatonna's savings rates are at 0.30%. Community Bank Owatonna's money market rates are at 0.30%. MonitorBankRates evaluates the financial stability of Community Bank Owatonna with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 10.30%. Rates were last updated on 04/02/2026.

Community Bank Owatonna money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Community Bank Owatonna? Share your experience about Community Bank Owatonna by leaving a review below, or read customer reviews before you decide to use Community Bank Owatonna.

Overall Health & Safety Grade

Excellent Health Score: 95/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

10.30%

Excellent Higher than avg

Community Bank Owatonna

640 W Bridge St
Owatonna, MN 55060

https://www.cbowatonna.com

Community Bank Owatonna CD Rates

Product	Rate	APY	Term
4 Years Automatic Renewable Certificates	3.00%	3.00%	4
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
5 Years Automatic Renewable Certificates	3.00%	3.00%	5
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
1 Year Automatic Renewable Certificates	2.75%	2.75%	1
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
2 Years Automatic Renewable Certificates	2.50%	2.50%	2
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
3 Years Automatic Renewable Certificates	2.50%	2.50%	3
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
91 Days Automatic Renewable Certificates	1.10%	1.10%	91
Min Deposit $1,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%

Community Bank Owatonna Savings Rates

Product	Rate	APY
Business Money Market Savings	1.00%	1.00%
Min Deposit $25,000 Min Balance $50,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Money Market Savings	0.70%	0.70%
Min Deposit $25,000 Min Balance $25,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Classic Savings	0.30%	0.30%
Min Deposit $200 Min Balance $10,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Money Market Savings	0.30%	0.30%
Min Deposit $25,000 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Classic Savings	0.30%	0.30%
Min Deposit $50 Min Balance $10,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Early Saver Savings (Younger than 18)	0.30%	0.30%
Min Deposit $25 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Early Saver Savings (Younger than 18) Personal	0.30%	0.30%
Min Deposit $25 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Health Savings	0.30%	0.30%
Min Deposit $50 Min Balance $10,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Classic Savings	0.25%	0.25%
Min Deposit $200 Min Balance $5,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Classic Savings	0.25%	0.25%
Min Deposit $50 Min Balance $5,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Health Savings	0.25%	0.25%
Min Deposit $50 Min Balance $5,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Classic Savings	0.20%	0.20%
Min Deposit $200 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Classic Savings	0.20%	0.20%
Min Deposit $50 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Health Savings	0.20%	0.20%
Min Deposit $50 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%

Community Bank Owatonna Money Market Rates

Product	Rate	APY
Business Money Market Savings	1.00%	1.00%
Min Deposit $25,000 Min Balance $50,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Smart Rate Money Market	1.00%	1.00%
Min Deposit $25,000 Min Balance $90,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Smart Rate Money Market	0.85%	0.85%
Min Deposit $25,000 Min Balance $50,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Money Market Savings	0.70%	0.70%
Min Deposit $25,000 Min Balance $25,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Smart Rate Money Market	0.70%	0.70%
Min Deposit $25,000 Min Balance $25,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Money Market Savings	0.30%	0.30%
Min Deposit $25,000 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Smart Rate Money Market	0.30%	0.30%
Min Deposit $25,000 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%

Community Bank Owatonna Checking Rates

Product	Rate	APY
55 Classic Checking (55 Years or Older)	0.30%	0.30%
Min Deposit $50 Min Balance $10,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Business Checking With Interest	0.30%	0.30%
Min Deposit $100 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Classic Checking with Interest	0.30%	0.30%
Min Deposit $500 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Prime Checking	0.30%	0.30%
Min Deposit $5,000 Min Balance $10,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
55 Classic Checking (55 Years or Older)	0.25%	0.25%
Min Deposit $50 Min Balance $5,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Prime Checking	0.25%	0.25%
Min Deposit $5,000 Min Balance $5,000 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
55 Classic Checking (55 Years or Older)	0.20%	0.20%
Min Deposit $50 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%
Prime Checking	0.20%	0.20%
Min Deposit $5,000 Min Balance $0 Last Updated 04/02/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.30%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Community Bank Owatonna is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Community Bank Owatonna rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Community Bank Owatonna's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Community Bank Owatonna

Bank Holding Company COMMUNITY FINANCIAL CORP

Address 640 W Bridge St, Owatonna, MN 55060 · Steele

Website https://www.cbowatonna.com

FDIC Certificate # 57468

Established 01/13/2003

FDIC Insurance Date 01/13/2003

Domestic Offices 1

Total Branches 1

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 95/100

5.0

Exceptional Out of 5.0 Stars

10.30%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.4084%

Return on Equity (ROE) 7.5100%

Non-Performing Loans (NPL) 0.51%

Total Assets $98,369,000

Total Deposits $90,349,000

Equity Capital $6,835,000

Net Income $601,000

Headquarters Owatonna

Total Offices 1

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

hwjv

★★★★★

December 17, 2025

oLWE

Average Rating

★★★★★

Total Reviews

Add Your Rating and Review for Community Bank Owatonna

Frequently Asked Questions About Community Bank Owatonna

Is Community Bank Owatonna a safe place to deposit money?

Yes, Community Bank Owatonna is considered a safe financial institution. With a Texas Ratio of 10.296540362438%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Community Bank Owatonna operate?

Community Bank Owatonna currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Community Bank Owatonna does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Community Bank Owatonna provides members with tools to manage their accounts and build a solid financial history.

Does Community Bank Owatonna offer online and mobile banking?

Most modern institutions like Community Bank Owatonna provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.cbowatonna.com.