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

Ultima Bank Minnesota is headquartered in Winger and is the 100th largest bank in the state of Minnesota. It is also the 3,099th largest bank in the nation. It was established in 1904 and as of June of 2018, it had grown to 42 employees at 4 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
Employees42
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.43%
Return on Equity - YTD23.66%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$179.4MM$171.4MM
LoansQ2 2018vs Q2 2017$170.8MM$161.4MM
DepositsQ2 2018vs Q2 2017$142.4MM$136.7MM
Equity CapitalQ2 2018vs Q2 2017$18.3MM$16.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.1MM$2.3MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.0MM$1.8MM
Real Estate OwnedQ2 2018vs Q2 2017$0$157.00K
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
2.78%--SMART Savings
1.80%*$500k*-UBM Direct Savings
OTHER TIERS: 1.55% $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
2.20%$1k-60 Month CD
2.00%$1k-12 Month CD Special
1.80%$1k-48 Month CD
1.70%$1k-36 Month CD
1.40%$1k-24 Month CD
1.30%$1k-18 Month CD
1.25%$1k-12 Month CD
0.90%$1k-9 Month CD
0.80%$1k-6 Month CD
0.70%$1k-3 Month CD

Ultima Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-60 Month IRA
1.90%$1k-48 Month IRA
1.80%$1k-36 Month IRA
1.50%$1k-24 Month IRA
1.35%$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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