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 Online 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 Online 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 Online Banking and Bill Payer
- Service Fee of $3.00 for paper statements per statement 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 Online Banking
Husky Cub Club Account
It's never too early to acquire a "savings habit," so Community Bank of Oelwein has designed a savings club just for children. For newborns through age 12, the Husky Cub Club is a great way for kids to save money.
Club members receive these exciting features:
- Receive a mini zippered money bag and a special savings register when opening a Husky Cub Club account
- Earn a punch for every $10 that you deposit, up to 5 punches per day (child must be present)
- Receive a free punch when you bring in your card during your birthday month
- Turn your card in for a prize once it’s filled with punches
Join in the fun and open a Husky Cub Club account today!
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.
