Monona Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.25% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.25% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.03% | Savings | True Savings |
Monona Bank is headquartered in Monona and is the 37th largest bank in the state of Wisconsin. It is also the 1,392nd largest bank in the nation. It was established in 1991 and as of March of 2017, it had grown to 91 employees at 4 locations. Monona Bank has an A health rating.
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Hiding Loan Payoff Fees?
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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33458 |
| Year Established | 1991 |
| Employees | 91 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.79% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $513.3MM$447.8MM |
| Loans | Q1 2017vs Q1 2016 | $443.5MM$391.0MM |
| Deposits | Q1 2017vs Q1 2016 | $394.5MM$353.4MM |
| Equity Capital | Q1 2017vs Q1 2016 | $53.8MM$51.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $6.1MM$5.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.9MM$1.1MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $748.00K$1.7MM |
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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05% | - | - | Junior Savings | ||
| 0.05%* | $25k* | - | WealthBuilder Savings | ||
| OTHER TIERS: 0.02% → Up to $25k | |||||
| 0.05%* | $5k* | - | Health Savings Account | ||
| OTHER TIERS: 0.01% → Up to $5k | |||||
| 0.03% | - | - | True Savings | ||
Monona Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $10k* | - | True North Money Market | ||
| OTHER TIERS: 0.02% → Up to $10k | |||||
| 0.05%* | $2,500* | - | True Money Market | ||
| OTHER TIERS: 0.02% → Up to $2,500 | |||||
| 0.02% | - | - | Money Market IRA | ||
Monona Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | True Rewards Balance | |
| 0.01% | - | - | True Advantage |
Monona Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.80% | - | - | 84 Month CD | |
| 1.50% | - | - | 23 Month CD Special | |
| 1.25% | - | - | 60 Month CD | |
| 1.00% | - | - | 11 Month CD Special | |
| 0.90% | - | - | 48 Month CD | |
| 0.75% | - | - | 36 Month CD | |
| 0.40% | - | - | 24 Month CD | |
| 0.25% | - | - | 12 Month CD | |
| 0.25% | - | - | 18 Month CD | |
| 0.20% | - | - | 6 Month CD | |
| 0.10% | - | - | 90 Day CD |
Monona Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | - | 60 Month IRA | |
| 0.90% | - | - | 48 Month IRA | |
| 0.75% | - | - | 36 Month IRA | |
| 0.40% | - | - | 24 Month IRA | |
| 0.25% | - | - | 12 Month IRA |
| 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 |