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

Ultima Bank Minnesota is headquartered in Winger and is the 104th largest bank in the state of Minnesota. It is also the 3,127th largest bank in the nation. It was established in 1904 and as of December of 2018, it had grown to 41 employees at 4 locations. Ultima Bank Minnesota's savings rates are 4X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8867
Year Established1904
Employees41
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.4%
Return on Equity - YTD23.53%
Annual Interest Income$10.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$176.6MM$163.0MM
LoansQ4 2018vs Q4 2017$166.2MM$154.8MM
DepositsQ4 2018vs Q4 2017$156.3MM$135.9MM
Equity CapitalQ4 2018vs Q4 2017$17.5MM$16.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.1MM$2.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$461.00K$1.9MM
Real Estate OwnedQ4 2018vs Q4 2017$54.00K$0
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
3.04%--SMART Savings
2.02%*$500k*-UBM Direct Savings
OTHER TIERS: 1.60% $1k - $500k
1.46%*$100k*-IRA Savings
OTHER TIERS: 0.45% Up to $10k | 0.70% $10k - $25k | 0.95% $25k - $50k | 1.10% $50k - $75k | 1.26% $75k - $100k
0.80%*$100k*-Ultima Savings
OTHER TIERS: 0.45% $10k - $25k | 0.55% $25k - $50k | 0.60% $50k - $75k | 0.70% $75k - $100k
0.65%--Health Savings Account
0.35%--Regular Savings
0.25%--Christmas Club

Ultima Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$75k*-Money Market Savings
OTHER TIERS: 0.35% $2.5k - $10k | 0.40% $10k - $25k | 0.45% $25k - $50k | 0.50% $50k - $75k
0.50%*$75k*-Money Market Checking
OTHER TIERS: 0.30% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k | 0.45% $50k - $75k

Ultima Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%*$500k*-Liquid Assets Checking
OTHER TIERS: 0.50% $10k - $50k | 0.75% $50k - $100k | 1.00% $100k - $250k | 1.51% $250k - $500k
0.75%*$100k*-Ultima Checking
OTHER TIERS: 0.40% $10k - $25k | 0.50% $25k - $50k | 0.55% $50k - $75k | 0.65% $75k - $100k
0.30%$500-NOW Checking

Ultima Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-30 Month CD Special
2.50%$1k-60 Month CD
2.35%$1k-48 Month CD
2.25%$1k-36 Month CD
2.25%$1k-12 Month CD Special
2.00%$1k-24 Month CD
1.75%$1k-18 Month CD
1.70%$1k-12 Month CD
1.25%$1k-9 Month CD
1.00%$1k-6 Month CD
0.75%$1k-3 Month CD

Ultima Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$1k-60 Month IRA
2.45%$1k-48 Month IRA
2.35%$1k-36 Month IRA
2.10%$1k-24 Month IRA
1.80%$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

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