Ultima Bank Minnesota


Overview / Commentary
218-938-4144
9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in Winger and is the 98th largest bank in the state of Minnesota. It is also the 2,983rd largest bank in the nation. It was established in 1904 and as of December of 2019, it had grown to 43 employees at 5 locations. Ultima Bank Minnesota's savings rates are 3X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8867
Year Established1904
Employees43
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.25%
Return on Equity - YTD22%
Annual Interest Income$11.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$188.7MM$176.6MM
LoansQ4 2019vs Q4 2018$177.3MM$166.2MM
DepositsQ4 2019vs Q4 2018$157.0MM$156.3MM
Equity CapitalQ4 2019vs Q4 2018$18.7MM$17.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.3MM$2.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$432.00K$461.00K
Real Estate OwnedQ4 2019vs Q4 2018$312.00K$54.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--SMART Savings
1.50%*$500k*-UBM Direct Savings
OTHER TIERS: 1.00% $1k - $500k
1.10%*$100k*-IRA Savings
OTHER TIERS: 0.20% Up to $10k | 0.45% $10k - $25k | 0.60% $25k - $50k | 0.80% $50k - $75k | 0.95% $75k - $100k
0.95%*$50k*-Health Savings Account
OTHER TIERS: 0.20% Up to $2.5k | 0.40% $2.5k - $10k | 0.60% $10k - $25k | 0.70% $25k - $50k
0.60%*$100k*-Ultima Savings
OTHER TIERS: 0.25% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $75k | 0.50% $75k - $100k
0.10%--Christmas Club
0.10%--Regular Savings

Ultima Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$75k*-Money Market Savings
OTHER TIERS: 0.15% $2.5k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k
0.25%*$75k*-Money Market Checking
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k

Ultima Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Liquid Assets Checking
OTHER TIERS: 0.20% $10k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k | 0.60% $250k - $500k
0.50%*$100k*-Ultima Checking
OTHER TIERS: 0.15% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k | 0.40% $75k - $100k
0.05%$500-NOW Checking

Ultima Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$1k-60 Month CD
1.25%$1k-36 Month Bump Up CD Special
1.20%$1k-48 Month CD
1.00%$1k-36 Month CD
1.00%$1k-12 Month CD Special
0.90%$1k-24 Month CD
0.75%$1k-12 Month CD
0.75%$1k-18 Month CD
0.70%$1k-9 Month CD
0.60%$1k-6 Month CD
0.45%$1k-3 Month CD

Ultima Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-60 Month IRA
1.30%$1k-48 Month IRA
1.10%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.85%$1k-12 Month IRA
Locations


Ultima Bank Minnesota Locations
Plummer Branch101 Central Ave EPlummer, MN 56748
Bemidji Branch101 Shevlin Avenue SwBemidji, MN 56601
Fosston Branch603 Hilligoss BoulevardFosston, MN 56542
Ultima Bank Minnesota9 W Minnesota AveWinger, MN 56592
East Grand Forks Branch205 Demers AvenueEast Grand Forks, MN 56721

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