Ultima Bank Minnesota

Overview / Commentary

www.ultimabank.com

218-938-4144

9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in Winger and is the 111^th largest bank in the state of Minnesota. It is also the 3,070^th largest bank in the nation. It was established in 1904 and as of December of 2021, it had grown to 46 employees at 5 locations. Ultima Bank Minnesota has an A+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8867
Year Established	1904
Employees	46
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.98%
Return on Equity - YTD	28.07%
Annual Interest Income	$12.6MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$206.5MM$196.6MM
Loans	Q4 2021vs Q4 2020	$186.5MM$183.1MM
Deposits	Q4 2021vs Q4 2020	$180.4MM$173.1MM
Equity Capital	Q4 2021vs Q4 2020	$21.8MM$20.0MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$2.4MM$2.3MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$0$290.00K
Real Estate Owned	Q4 2021vs Q4 2020	$111.00K$145.00K

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Ultima Bank Minnesota; 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.

Ultima Bank Minnesota Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	-	-	SMART Savings
0.60%^*	$100k^*	-	IRA Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.20% → $10k - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $75k \| 0.50% → $75k - $100k
0.55%^*	$50k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.35% → $10k - $25k \| 0.45% → $25k - $50k
0.50%^*	$500k^*	-	UBM Direct Savings
OTHER TIERS: 0.45% → $1k - $500k
0.35%^*	$100k^*	-	Ultima Savings
OTHER TIERS: 0.15% → $10k - $25k \| 0.20% → $25k - $50k \| 0.25% → $50k - $75k \| 0.30% → $75k - $100k
0.05%	-	-	Christmas Club
0.05%	-	-	Regular Savings

Ultima Bank Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$75k^*	-	Money Market Savings
OTHER TIERS: 0.05% → $2.5k - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $75k
0.20%^*	$75k^*	-	Money Market Checking
OTHER TIERS: 0.05% → $1k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $75k

Ultima Bank Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$500k^*	-	Liquid Assets Checking
OTHER TIERS: 0.25% → $10k - $100k \| 0.30% → $100k - $250k \| 0.35% → $250k - $500k
0.30%^*	$100k^*	-	Ultima Checking
OTHER TIERS: 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $75k \| 0.25% → $75k - $100k
0.05%	$500	-	NOW Checking

Ultima Bank Minnesota CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$1k	-	60 Month CD
1.25%	$1k	-	48 Month CD
1.25%	$1k	-	30 Month CD Special
1.10%	$1k	-	36 Month Bump Up CD
0.95%	$1k	-	24 Month Special CD
0.75%	$1k	-	24 Month CD
0.70%	$1k	-	18 Month CD
0.65%	$1k	-	12 Month CD
0.50%	$1k	-	9 Month CD
0.40%	$1k	-	6 Month CD
0.30%	$1k	-	3 Month CD

Ultima Bank Minnesota IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%	$1k	-	60 Month IRA
1.55%	$1k	-	48 Month IRA
1.20%	$1k	-	36 Month IRA
0.85%	$1k	-	24 Month IRA
0.75%	$1k	-	12 Month IRA

Locations

Ultima Bank Minnesota Locations
Plummer Branch	101 Central Ave E	Plummer, MN 56748
Bemidji Branch	101 Shevlin Avenue Sw	Bemidji, MN 56601
Fosston Branch	603 Hilligoss Boulevard	Fosston, MN 56542
Ultima Bank Minnesota	9 W Minnesota Ave	Winger, MN 56592
East Grand Forks Branch	205 Demers Avenue	East Grand Forks, MN 56721

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.