319-283-4000

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

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

In accordance with Section 326 of the USA PATRIOT ACT.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

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