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

  • $50 to open
  • Service fee of $7 per month if balance falls below $50
  • Interest is compounded quarterly
  • No charge for children 18 years old or younger
  • FREE Internet Banking

Community Money Market

  • $1,000 to open
  • $10 service fee if balance falls below $1,000
  • Tiered interest rate provides higher rates than regular savings
  • Interest paid monthly
  • Limited check writing- 3 per month ($5.00 each over limit)
  • Easy to balance monthly statements
  • Check imaging available
  • FREE Internet Banking and Bill Payer

High Yield Money Market

  • Highest yield for Money Market account
  • $1,000 to open
  • $15 service fee if balance falls below $10,000
  • Interest paid monthly
  • Limited check writing- 3 per month ($5.00 each over limit)
  • Easy to balance monthly statements
  • Check imaging available
  • FREE Internet Banking and Bill Payer

 Christmas Club Account

  • $10.00 to open
  • 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