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Ultima Bank Minnesota


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.ultimabank.com
218-435-2265
9 W Minnesota Ave
Winger, MN 56592

Ultima Bank Minnesota is headquartered in WINGER and is the 83rd largest bank in the state of Minnesota. It is also the 2,538th largest bank in the nation. It was established in 1904 and as of December of 2024, it had grown to 51 employees at 6 locations. Ultima Bank Minnesota's savings rates are 6X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8867
Year Established1904
Employees51
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.18%
Return on Equity - YTD21.15%
Annual Interest Income$21.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$291.2MM$269.3MM
LoansQ4 2024vs Q4 2023$271.3MM$247.3MM
DepositsQ4 2024vs Q4 2023$252.1MM$231MM
Equity CapitalQ4 2024vs Q4 2023$30.6MM$25.3MM
Loan Loss AllowanceQ4 2024vs Q4 2023$2.5MM$2.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$3K$320K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/22/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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
5.10%$0-SMART Savings
2.94%*$350k*-UBM Direct Savings
OTHER TIERS: 2.53% → $1k - $500k | 2.73% → $100k - $350k
2.94%*$350k*-Business UBM Direct Savings
OTHER TIERS: 2.53% → $1k - $500k | 2.73% → $100k - $350k
0.75%*$50k*-Health Savings Account
OTHER TIERS: 0.40% → $0 - $2.5k | 0.45% → $2.5k - $10k | 0.55% → $10k - $25k | 0.65% → $25k - $50k
0.75%*$50k*-Business Health Savings Account
OTHER TIERS: 0.40% → $0 - $2.5k | 0.45% → $2.5k - $10k | 0.55% → $10k - $25k | 0.65% → $25k - $50k
0.60%*$100k*-Ultima Savings
OTHER TIERS: 0.35% → $0 - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $75k | 0.55% → $75k - $100k
0.60%*$100k*-Business Ultima Savings
OTHER TIERS: 0.35% → $0 - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $75k | 0.55% → $75k - $100k
0.25%$0-Regular Savings
0.25%$0-Business Savings
0.20%$0-Christmas Club

Ultima Bank Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$75k*-Money Market Savings
OTHER TIERS: 0.25% → $0 - $2.5k | 0.30% → $2.5k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $75k
0.50%*$75k*-Business Money Market Savings
OTHER TIERS: 0.25% → $0 - $2.5k | 0.30% → $2.5k - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $75k
0.45%*$75k*-Money Market Checking
OTHER TIERS: 0.20% → $0 - $10k | 0.25% → $1k - $10k | 0.30% → $10k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $75k
0.45%*$75k*-Business Money Market Checking
OTHER TIERS: 0.20% → $0 - $10k | 0.25% → $1k - $10k | 0.30% → $10k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $75k

Ultima Bank Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$1m*-Liquid Assets Checking
OTHER TIERS: 1.41% → $0 - $10k | 1.61% → $10k - $50k | 1.71% → $50k - $100k | 2.22% → $100k - $250k | 2.32% → $250k - $500k | 2.53% → $500k - $1m
3.82%*$1m*-Business Liquid Assets Checking
OTHER TIERS: 1.41% → $0 - $10k | 1.61% → $10k - $50k | 1.71% → $50k - $100k | 2.22% → $100k - $250k | 2.32% → $250k - $500k | 2.53% → $500k - $1m
0.55%*$100k*-Ultima Checking
OTHER TIERS: 0.30% → $0 - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $75k | 0.50% → $75k - $100k
0.55%*$100k*-Business Ultima Checking
OTHER TIERS: 0.30% → $0 - $10k | 0.35% → $10k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $75k | 0.50% → $75k - $100k
0.20%$500-NOW Checking
0.20%$500-Business NOW Checking

Ultima Bank Minnesota CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$1k-12 Month CD Special
4.10%$1k-Business 12 Month CD Special
3.90%$1k-18 Month CD Special
3.90%$1k-Business 18 Month CD Special
3.20%$1k-60 Month CD
3.20%$1k-36 Month Bump Up CD
3.20%$1k-Business 36 Month Bump Up CD
3.20%$1k-Business 60 Month CD
3.00%$1k-48 Month CD
3.00%$1k-Business 48 Month CD
2.50%$1k-24 Month CD
2.50%$1k-Business 24 Month CD
2.35%$1k-18 Month CD
2.35%$1k-Business 18 Month CD
2.25%$1k-12 Month CD
2.25%$1k-Business 12 Month CD
1.75%$1k-9 Month CD
1.75%$1k-Business 9 Month CD
1.50%$1k-6 Month CD
1.50%$1k-Business 6 Month CD
1.25%$1k-3 Month CD
1.25%$1k-Business 3 Month CD

Ultima Bank Minnesota IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%$1k-36 Month IRA
3.30%$1k-60 Month IRA
3.10%$1k-48 Month IRA
2.60%$1k-24 Month IRA
2.35%$1k-12 Month IRA
0.85%*$100k*-IRA Savings
OTHER TIERS: 0.35% → $0 - $10k | 0.45% → $10k - $25k | 0.55% → $25k - $50k | 0.65% → $50k - $75k | 0.75% → $75k - $100k
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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