IncredibleBank


Overview / Commentary
715-845-5522
327 North 17th Avenue
Wausau, WI 54401

IncredibleBank is headquartered in Wausau and is the 12th largest bank in the state of Wisconsin. It is also the 610th 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.

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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)

Interest Rates

Posted by: |

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.



Health
B+

Health Grade Components

Overall
FDIC Certificate #19772
Year Established1967
Employees276
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.64%
Return on Equity - YTD20.43%
Annual Interest Income$34.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.78B$1.73B
LoansQ2 2022vs Q2 2021$1.28B$1.26B
DepositsQ2 2022vs Q2 2021$1.53B$1.50B
Equity CapitalQ2 2022vs Q2 2021$131.4MM$149.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$12.8MM$12.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.1MM$5.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$629.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--IncredibleBank Checking Plus

IncredibleBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.