Savings Accounts

Whether you're saving for a specific purpose, like a car or house or just to be ready for a rainy day, Community Bank of Oelwein is here to help.

Community Savings Account

• Minimum opening deposit of $50
• Service fee of $7 per month if balance falls below $50
• Interest is paid monthly
• No charge for children 18 years old or younger
• FREE Internet Banking
• Service Fee of $3.00 for paper statements per statement cycle

Community Money Market

• Minimum opening deposit of $1,000
• Service fee of $10 per month if balance falls below $1,000
• Interest paid monthly
• Limited check writing- 3 per month ($5.00 each over limit)
• Check imaging available
• FREE Internet Banking and Bill Payer
• Service Fee of $3.00 for paper statements per statement cycle

High Yield Money Market

• Highest yield for Money Market account
• Minimum opening deposit of $1,000
• Service fee of $15 per month if balance falls below $10,000
• Interest paid monthly
• Limited check writing- 3 per month ($5.00 each over limit)
• Check imaging available
• FREE Internet Banking and Bill Payer
• Service Fee of $3.00 for paper statements per statment cycle

Christmas Club Account

• Minimum opening deposit of $10
• Interest is compounded quarterly
• Automatic transfer from checking available
• Balance in account is paid to you in October
• $5.00 withdrawal fee for each premature withdrawal
• FREE Internet Banking