IncredibleBank

Overview / Commentary

www.incrediblebank.com

715-845-5522

327 North 17th Avenue
Wausau, WI 54401

IncredibleBank is headquartered in Wausau and is the 12^th largest bank in the state of Wisconsin. It is also the 610^th largest bank in the nation. It was established in 1967 and as of June of 2022, it had grown to 276 employees at 16 locations. IncredibleBank's money market rates are 59% higher than the national average, and it has a B+ health rating.

Incrediblebank Remains Unspectacular - 8/21/2022

If any bank should change their name, it's IncredibleBank. It was once mighty with a high rate with no minimum balance requirement to speak of, of which I enjoyed their account, but for too many years now it remains one of the fallen ones, like PurePoint. It's sad, because it's really a great bank otherwise. IncredibleBank's Money Market Account is up to just 0.70% APY, and you must maintain $300,000 to get the rate. Yet, their website states that their 0.70% allows you to earn 8x the national average. Whoever updates the site is truly slacking...and hopefully they'll read this. IncredibleBank's Savings Account only pays 0.10%, and you must maintain $10,000 to get that rate. IncredibleBank has what they're calling "High-Yield Checking" on their main site pull-down menu. The rate for this is 0.05%. I'm not sure IncredibleBank knows what "High-Yield" means? Anyway, I only posted the above for maybe a slight chuckle, and to give another example of the interesting banking stories we a

Reviews (1)

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Interest Rates

Posted by: David3593 | Nov 16, 2019

Overall, I have been satisfied with Incredible bank, especially with the account representatives that I have talked to. My main source of disappointment has been that they do not pay accrued interest if you close the account in the middle of the month. This is mentioned on their website so shame on me for not taking it into account when considered opening the account. Several of their competitors do pay accrued interest and pay higher interest rates as well. I would recommend looking elsewhere for a bank.

Comment

Health

B+

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19772
Year Established	1967
Employees	276
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.64%
Return on Equity - YTD	20.43%
Annual Interest Income	$34.7MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$1.78B$1.73B
Loans	Q2 2022vs Q2 2021	$1.28B$1.26B
Deposits	Q2 2022vs Q2 2021	$1.53B$1.50B
Equity Capital	Q2 2022vs Q2 2021	$131.4MM$149.2MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$12.8MM$12.2MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$2.1MM$5.0MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$629.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not IncredibleBank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

IncredibleBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$25k^*	-	IncredibleBank HSA
OTHER TIERS: 0.05% → $1k - $10k \| 0.25% → $10k - $25k
0.10%^*	$10k^*	-	IncredibleBank Savings
OTHER TIERS: 0.01% → Up to $1k \| 0.03% → $1k - $10k

IncredibleBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$300k^*	-	IncredibleBank Money Market
OTHER TIERS: 0.01% → Up to $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $150k \| 0.40% → $150k - $300k
0.50%^*	$250k^*	-	Incredible Business Money Market
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $250k
0.50%^*	$250k^*	-	Incredible Municipal Money Market
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $250k

IncredibleBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	IncredibleBank Checking Plus

IncredibleBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$1k	-	60 Month CD
0.45%	$1k	-	36 Month CD
0.25%	$1k	-	24 Month CD
0.15%	$1k	-	12 Month CD

IncredibleBank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$1k	-	60 Month IRA
0.45%	$1k	-	36 Month IRA
0.25%	$1k	-	24 Month IRA
0.15%	$1k	-	12 Month IRA

Locations

Availability

Wausau Area

Wausau Area bank & credit union details

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