Monona Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
3.00%	5-year CD	60 Month CD 2.03% - National Average
0.50%	1-year CD	12 Month CD 2.45% - Barclays 12 Month Online CD
0.20%	Savings	WealthBuilder Savings 1.80% - American Express National Bank High Yield Savings Account

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Overview / Commentary

www.mononabank.com

608-223-3000

5515 Monona Drive
Monona, WI 53716

Monona Bank is headquartered in Monona and is the 24^th largest bank in the state of Wisconsin. It is also the 887^th largest bank in the nation. It was established in 1991 and as of June of 2018, it had grown to 146 employees at 9 locations. Monona Bank has an A+ health rating.

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.

4

Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	33458
Year Established	1991
Employees	146
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.87%
Return on Equity - YTD	7.89%
Annual Interest Income	$17.7MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$863.6MM$830.0MM
Loans	Q2 2018vs Q2 2017	$704.1MM$655.4MM
Deposits	Q2 2018vs Q2 2017	$690.8MM$658.3MM
Equity Capital	Q2 2018vs Q2 2017	$98.1MM$95.5MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$8.3MM$6.9MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$3.0MM$4.5MM
Real Estate Owned	Q2 2018vs Q2 2017	$847.00K$748.00K

Rates

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* 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
0.20%	-	-	True Savings
0.20%	-	-	Junior Savings
0.20%^*	$25k^*	-	WealthBuilder Savings
OTHER TIERS: 0.02% → Up to $25k
0.10%^*	$5k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $5k

Monona Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.61%^*	$10k^*	-	True North Money Market
OTHER TIERS: 0.07% → Up to $10k
0.26%^*	$2.5k^*	-	True Money Market
OTHER TIERS: 0.07% → Up to $2.5k
0.10%	-	-	Money Market IRA

Monona Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$2.5k^*	-	True Rewards Balance
OTHER TIERS: 0.05% → Up to $2.5k
0.15%	-	-	True Advantage

Monona Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$1k	-	60 Month CD
2.40%	$1k	-	25 Month CD Special
2.25%	$1k	-	48 Month CD
2.10%	$1k	-	15 Month CD Special
1.50%	$1k	-	84 Month CD
1.45%	$1k	-	36 Month CD
0.85%	$1k	-	24 Month CD
0.60%	$1k	-	18 Month CD
0.50%	$1k	-	12 Month CD
0.40%	$1k	-	6 Month CD
0.35%	$1k	-	90 Day CD

Monona Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.00%	$1k	-	60 Month IRA
2.25%	$1k	-	48 Month IRA
1.45%	$1k	-	36 Month IRA
0.85%	$1k	-	24 Month IRA
0.50%	$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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