Certificates of Deposit
Rates valid as of March 19, 2020
|Automatic Renewable Certificates||Minimum Deposit||Interest Rate||Annual Percentage Yield*|
|CD SPECIAL||Minimum Deposit||Interest Rate||Annual Percentage Yield*|
*APY for CDs 1-5 years is based on annual compounding. CDs less than 1 year will compound quarterly. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
*CD Special compounds quarterly and credits interest quarterly.
*A penalty may apply for early withdrawal. Early withdrawal penalties - maturity date of one year or less, three months interest - maturity date more than one year, six months interest.
*Interest will be credited at term for CD's 1 year or less. Interest for CD's greater than 1 year may be compounded or automatically deposited to your Community Bank Owatonna checking or savings account.
*You will have ten calendar days after maturity to withdraw the funds without a penalty.