Monona Bank

Overview / Commentary

www.mononabank.com

608-223-3000

5515 Monona Drive
Monona, WI 53716

Monona Bank is headquartered in Monona and is the 25^th largest bank in the state of Wisconsin. It is also the 863^rd largest bank in the nation. It was established in 1991 and as of December of 2021, it had grown to 157 employees at 9 locations. Monona Bank has an A+ health rating.

View all posts from:

2009

6/17 - 4.00% 4-Year CD and a Competitive Savings Account at Monona State Bank in Wisconsin - Local Only

Reviews (2)

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Customer Service

Posted by: IleneBright | Jun 16, 2020

I have been a customer here since the very beginning. Service has been excellent, fees reasonable, friendly and going out of way to be helpful and to explain options. Couldn't be happier, thank you everyone at Monona Bank!

Comment

Hiding Loan Payoff Fees?

Posted by: wood9037 | Jan 17, 2012

Stay away. I have had two loans with this company, mainly because they were a referral and I appreciated the service they gave me. They didn't have the best rates, but not terrible either. After paying over $25k in interest over the past 6-7 years, I refinanced with someone else as Monona couldn't offer as good a deal and the service from my new lender seemed much better. Upon refinancing, they charged me a $25 fee. I inquired with them because my loan docs said there was no early payoff fee, but said the fee was for "preparation of my payoff amount," which they view as something different. After the amount I paid them, they apparently wanted more. After emailing the VP, she explained what it was for and I questioned it, she didn't respond. No more business for them and I hope everyone stays away.

Health

A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	33458
Year Established	1991
Employees	157
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	10.4%
Annual Interest Income	$40.6MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$1.20B$1.07B
Loans	Q4 2021vs Q4 2020	$924.1MM$870.2MM
Deposits	Q4 2021vs Q4 2020	$1.05B$915.9MM
Equity Capital	Q4 2021vs Q4 2020	$122.3MM$115.5MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$12.9MM$12.1MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$1.9MM$3.4MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

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Money Market
Checking
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Always verify rates and promotions with the bank or credit union. We are not Monona Bank; 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.

Monona Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	-	-	LifeSavings HSA
0.01%	-	-	True Savings
0.01%	-	-	Junior Savings

Monona Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.07%^*	$100k^*	-	True Growth Money Market
OTHER TIERS: 0.01% → Up to $50k \| 0.03% → $50k - $100k
0.02%^*	$10k^*	-	True North Money Market
OTHER TIERS: 0.01% → Up to $10k
0.02%^*	$2.5k^*	-	True Money Market
OTHER TIERS: 0.01% → Up to $2.5k
0.01%	-	-	Money Market IRA

Monona Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%	-	-	True Advantage

Monona Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.30%	$1k	-	25 Month CD Special
1.00%	$1k	-	15 Month CD Special
0.90%	$1k	$100k	11 Month CD Special
0.65%	$1k	-	84 Month CD
0.60%	$1k	-	60 Month CD
0.50%	$1k	-	48 Month CD
0.40%	$1k	-	36 Month CD
0.30%	$1k	-	24 Month CD
0.25%	$1k	-	18 Month CD
0.12%	$1k	-	12 Month CD
0.06%	$1k	-	6 Month CD
0.03%	$1k	-	90 Day CD

Monona Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	$1k	-	60 Month IRA
0.50%	$1k	-	48 Month IRA
0.40%	$1k	-	36 Month IRA
0.30%	$1k	-	24 Month IRA
0.12%	$1k	-	12 Month IRA

Locations

Monona Bank Locations
Cottage Grove Branch	341 West Cottage Grove Road	Cottage Grove, WI 53527
Monona State Bank	5515 Monona Drive	Monona, WI 53716
Bridge Road Branch	6430 Bridge Road	Monona, WI 53716
Atwood Avenue Madison Branch	1965 Atwood Avenue	Madison, WI 53704
Belleville Branch	27 W Main St	Belleville, WI 53508
Brooklyn Branch	229 Douglas Drive	Brooklyn, WI 53521
Cross Plains Wi Branch	2615 Westview Court	Cross Plains, WI 53528
Middleton Br	3207 Parmenter Street	Middleton, WI 53562
Sauk City Branch	603 Phillips Boulevard	Sauk City, WI 53583

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