Monona Bank

Overview / Commentary
5515 Monona Drive
Monona, WI 53716

Monona Bank is headquartered in Monona and is the 23rd largest bank in the state of Wisconsin. It is also the 851st largest bank in the nation. It was established in 1991 and as of December of 2018, it had grown to 150 employees at 9 locations. Monona Bank's CD rates are 94% higher than the national average, and it boasts an A+ health rating.

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Reviews (1)

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 Grade Components

FDIC Certificate #33458
Year Established1991
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD8.21%
Annual Interest Income$36.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$914.8MM$899.3MM
LoansQ4 2018vs Q4 2017$730.0MM$684.1MM
DepositsQ4 2018vs Q4 2017$741.2MM$727.1MM
Equity CapitalQ4 2018vs Q4 2017$101.1MM$96.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$9.1MM$7.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.0MM$4.9MM
Real Estate OwnedQ4 2018vs Q4 2017$23.00K$748.00K
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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

0.20%--True Savings
0.20%--Junior Savings
0.15%*$25k*-WealthBuilder Savings
OTHER TIERS: 0.02% Up to $25k
0.15%--Health Savings Account

Monona Bank Money Market Rates

0.64%*$10k*-True North Money Market
OTHER TIERS: 0.05% Up to $10k
0.30%*$2.5k*-True Money Market
OTHER TIERS: 0.05% Up to $2.5k
0.10%--Money Market IRA

Monona Bank Checking Account Rates

0.15%*$2.5k*-True Rewards Balance
OTHER TIERS: 0.05% Up to $2.5k
0.15%--True Advantage

Monona Bank CD Rates

3.00%$1k-60 Month CD
2.30%$1k-23 Month CD Special
2.25%$1k-48 Month CD
2.15%$1k-15 Month CD Special
1.85%$1k-18 Month CD
1.75%$1k-12 Month CD
1.50%$1k-84 Month CD
1.45%$1k-36 Month CD
0.85%$1k-24 Month CD
0.40%$1k-6 Month CD
0.35%$1k-90 Day CD

Monona Bank IRA Rates

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

Monona Bank Locations
Cottage Grove Branch341 West Cottage Grove RoadCottage Grove, WI 53527
Monona State Bank5515 Monona DriveMonona, WI 53716
Bridge Road Branch6430 Bridge RoadMonona, WI 53716
Atwood Avenue Madison Branch1965 Atwood AvenueMadison, WI 53704
Belleville Branch27 W Main StBelleville, WI 53508
Brooklyn Branch229 Douglas DriveBrooklyn, WI 53521
Cross Plains Wi Branch2615 Westview CourtCross Plains, WI 53528
Middleton Br3207 Parmenter StreetMiddleton, WI 53562
Sauk City Branch603 Phillips BoulevardSauk City, WI 53583

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