What are the current interest rates at Ultima Bank Minnesota?

Current rates for Ultima Bank Minnesota include: 12-Month CD: 2.11%, 18-Month CD: 2.21%, 24-Month CD: 2.31%, 36-Month CD: 2.82%, 48-Month CD: 2.92%, 60-Month CD: 3.02%, Savings: 4.58%

MonitorBankRates

☰

Survey Results We asked readers after the Fed’s Sept. 16 hike: 50% of savers say their bank still has not raised their rate since the Fed funds rate increase. See the full results

Home›
Banks›
Ultima Bank Minnesota

iAdvertiser Disclosure

Ultima Bank Minnesota Rates & Review October 2026

Q: How many branches does Ultima Bank Minnesota operate?

Ultima Bank Minnesota currently maintains approximately 6 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Ultima Bank Minnesota does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ultima Bank Minnesota provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 11, 2026

Ultima Bank Minnesota's top rates as of October 11, 2026 are 4.40% APY on its 24-Months 24-Month Business Special CD, 4.58% APY on savings, and 0.45% APY on checking, according to rates verified by MonitorBankRates. Other Ultima Bank Minnesota CD rates include 12-Months 12-Month Business Special CD at 4.20%, 60-Months IRA Certificate of Deposit - 60-Month at 3.12%, and 60-Months 60-Month Certificate at 3.02%. MonitorBankRates evaluates the financial stability of Ultima Bank Minnesota with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.52%. Rates last updated and verified on 10/11/2026.

Ultima Bank Minnesota money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Ultima Bank Minnesota? Share your experience about Ultima Bank Minnesota by leaving a review below, or read customer reviews before you decide to use Ultima Bank Minnesota.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.52%

Excellent Lower than avg

Health Trend

Steady 12 quarters

Full history ›

Ultima Bank Minnesota

9 W Minnesota Ave
Winger, MN 56592

https://www.ultimabank.com

Customer Reviews

Be the first to review

Write a Review

Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Ultima Bank Minnesota CD Rates

Product	Rate	APY	Term
IRA Certificate of Deposit - 60 Month	3.10%	3.12%	60 months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 3.12% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
60 Month Certificate	3.00%	3.02%	60 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 3.02% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificate of Deposit - 48 Month	3.00%	3.02%	48 months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 3.02% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
48 Month Certificate	2.90%	2.92%	48 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.92% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificate of Deposit - 36 Month	2.90%	2.92%	36 months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.92% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
36 Month Certificate	2.80%	2.82%	36 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.82% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificate of Deposit - 24 Month	2.40%	2.41%	24 months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.41% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
24 Month Certificate	2.30%	2.31%	24 Months
No additional details. Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 3.90% → 2.31% ▼ 1.59 pts · high 3.90% / low 2.31% Sep 19, 20262.31%▼ from 3.90% Sep 14, 20263.90%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
18 Month Certificate	2.20%	2.21%	18 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.21% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificate of Deposit - 12 Month	2.20%	2.21%	12 months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 2.21% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
12 Month Certificate	2.10%	2.11%	12 Months
No additional details. Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 4.00% → 2.11% ▼ 1.89 pts · high 4.00% / low 2.11% Sep 19, 20262.11%▼ from 4.00% Sep 14, 20264.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
9 Month Certificate	1.65%	1.65%	9 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 1.65% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
6 Month Certificate	1.40%	1.40%	6 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 1.40% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
3 Month Certificate	1.15%	1.15%	3 Months
No additional details. Last Updated 10/11/2026 Rate History No change since Sep 19, 2026 · 1.15% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Business CD Rates

Product	Rate	APY	Term
24 Month Business Special CD	4.35%	4.40%	24 Months
No additional details. Last Updated 10/11/2026 Rate History 1 change since Oct 7, 2026 · 4.20% → 4.40% ▲ 0.20 pts · high 4.40% / low 4.20% Oct 11, 20264.40%▲ from 4.20% Oct 7, 20264.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
12 Month Business Special CD	4.16%	4.20%	12 Months
No additional details. Last Updated 10/11/2026 Rate History 1 change since Oct 7, 2026 · 4.00% → 4.20% ▲ 0.20 pts · high 4.20% / low 4.00% Oct 11, 20264.20%▲ from 4.00% Oct 7, 20264.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Savings Rates

Product	Rate	APY
SMART Savings	4.50%	4.58%
Details Available Balance: Any Amount Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 4.32% → 4.58% ▲ 0.26 pts · high 4.58% / low 4.32% Sep 19, 20264.58%▲ from 4.32% Sep 14, 20264.32%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
UBM Direct Savings	3.93%	4.00%
Min Balance $1,000,000 Details Available Balance: 1,000,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 3.74% → 4.00% ▲ 0.26 pts · high 4.00% / low 3.74% Sep 19, 20264.00%▲ from 3.74% Sep 14, 20263.74%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
UBM Direct Savings	2.75%	2.78%
Min Balance $350,000 Details Available Balance: 350,000 - 999,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.73% → 2.78% ▲ 0.05 pts · high 2.78% / low 2.73% Sep 19, 20262.78%▲ from 2.73% Sep 14, 20262.73%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
UBM Direct Savings	2.55%	2.58%
Min Balance $100,000 Details Available Balance: 100,000 - 349,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.52% → 2.58% ▲ 0.06 pts · high 2.58% / low 2.52% Sep 19, 20262.58%▲ from 2.52% Sep 14, 20262.52%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
UBM Direct Savings	2.35%	2.38%
Min Balance $1,000 Details Available Balance: 1,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.32% → 2.38% ▲ 0.06 pts · high 2.38% / low 2.32% Sep 19, 20262.38%▲ from 2.32% Sep 14, 20262.32%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.55%	0.55%
Min Balance $100,000 Details Available Balance: 100,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.50% → 0.55% ▲ 0.05 pts · high 0.55% / low 0.50% Sep 19, 20260.55%▲ from 0.50% Sep 14, 20260.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.45%	0.45%
Min Balance $75,000 Details Available Balance: 75,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 19, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.40%	0.40%
Min Balance $50,000 Details Available Balance: 50,000 - 74,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.35% → 0.40% ▲ 0.05 pts · high 0.40% / low 0.35% Sep 19, 20260.40%▲ from 0.35% Sep 14, 20260.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.35%	0.35%
Min Balance $25,000 Details Available Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Sep 19, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.30%	0.30%
Min Balance $10,000 Details Available Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Sep 19, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Personal Savings	0.25%	0.25%
Details Available Balance: Any Amount Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.20% → 0.25% ▲ 0.05 pts · high 0.25% / low 0.20% Sep 19, 20260.25%▲ from 0.20% Sep 14, 20260.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.25%	0.25%
Min Balance $2,500 Details Available Balance: 2,500 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.20% → 0.25% ▲ 0.05 pts · high 0.25% / low 0.20% Sep 19, 20260.25%▲ from 0.20% Sep 14, 20260.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.20%	0.20%
Min Balance $0 Details Available Balance: 0 - 2,499 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.15% → 0.20% ▲ 0.05 pts · high 0.20% / low 0.15% Sep 19, 20260.20%▲ from 0.15% Sep 14, 20260.15%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Business Savings Rates

Product	Rate	APY
Business UBM Direct Savings	3.93%	4.00%
Min Balance $1,000,000 Details Balance: 1,000,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 3.74% → 4.00% ▲ 0.26 pts · high 4.00% / low 3.74% Sep 19, 20264.00%▲ from 3.74% Sep 14, 20263.74%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business UBM Direct Savings	2.75%	2.78%
Min Balance $350,000 Details Balance: 350,000 - 999,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.73% → 2.78% ▲ 0.05 pts · high 2.78% / low 2.73% Sep 24, 20262.78%▲ from 2.73% Sep 14, 20262.73%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business UBM Direct Savings	2.55%	2.58%
Min Balance $100,000 Details Balance: 100,000 - 349,000 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.52% → 2.58% ▲ 0.06 pts · high 2.58% / low 2.52% Sep 24, 20262.58%▲ from 2.52% Sep 14, 20262.52%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business UBM Direct Savings	2.35%	2.38%
Min Balance $1,000 Details Balance: 1,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.32% → 2.38% ▲ 0.06 pts · high 2.38% / low 2.32% Sep 24, 20262.38%▲ from 2.32% Sep 14, 20262.32%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.55%	0.55%
Min Balance $100,000 Details Balance: 100,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.50% → 0.55% ▲ 0.05 pts · high 0.55% / low 0.50% Sep 19, 20260.55%▲ from 0.50% Sep 14, 20260.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.45%	0.45%
Min Balance $75,000 Details Balance: 75,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 24, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.40%	0.40%
Min Balance $50,000 Details Balance: 50,000 - 74,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.35% → 0.40% ▲ 0.05 pts · high 0.40% / low 0.35% Sep 24, 20260.40%▲ from 0.35% Sep 14, 20260.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.35%	0.35%
Min Balance $25,000 Details Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Sep 24, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.30%	0.30%
Min Balance $10,000 Details Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Sep 24, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.25%	0.25%
Min Balance $2,500 Details Balance: 2,500 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.20% → 0.25% ▲ 0.05 pts · high 0.25% / low 0.20% Sep 24, 20260.25%▲ from 0.20% Sep 14, 20260.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Commercial Savings	0.25%	0.25%
Details Available Balance: Any Amount Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.20% → 0.25% ▲ 0.05 pts · high 0.25% / low 0.20% Sep 19, 20260.25%▲ from 0.20% Sep 14, 20260.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Savings	0.20%	0.20%
Min Balance $0 Details Balance: 0 - 2,499 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.15% → 0.20% ▲ 0.05 pts · high 0.20% / low 0.15% Sep 24, 20260.20%▲ from 0.15% Sep 14, 20260.15%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Checking Rates

Product	Rate	APY
Ultima Checking	0.45%	0.45%
Min Balance $100,000 Details Available Balance: 100,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 19, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.40%	0.40%
Min Balance $75,000 Details Available Balance: 75,000 - 99,999 Last Updated 10/11/2026 Rate History No change since Sep 14, 2026 · 0.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.35%	0.35%
Min Balance $50,000 Details Available Balance: 50,000 - 74,999 Last Updated 10/11/2026 Rate History No change since Sep 14, 2026 · 0.35% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.30%	0.30%
Min Balance $25,000 Details Available Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History No change since Sep 14, 2026 · 0.30% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.25%	0.25%
Min Balance $10,000 Details Available Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History No change since Sep 14, 2026 · 0.25% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.20%	0.20%
Min Balance $1,000 Details Available Balance: 1,000 - 9,999 Last Updated 10/11/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Business Checking Rates

Product	Rate	APY
Business Ultima Checking	0.45%	0.45%
Min Balance $100,000 Details Balance: 100,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 19, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Checking	0.40%	0.40%
Min Balance $75,000 Details Balance: 75,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.35% → 0.40% ▲ 0.05 pts · high 0.40% / low 0.35% Sep 24, 20260.40%▲ from 0.35% Sep 14, 20260.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Checking	0.35%	0.35%
Min Balance $50,000 Details Balance: 50,000 - 74,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Sep 24, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Checking	0.30%	0.30%
Min Balance $25,000 Details Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Sep 24, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Checking	0.25%	0.25%
Min Balance $10,000 Details Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.20% → 0.25% ▲ 0.05 pts · high 0.25% / low 0.20% Sep 24, 20260.25%▲ from 0.20% Sep 14, 20260.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Ultima Checking	0.20%	0.20%
Min Balance $1,000 Details Balance: 1,000 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.15% → 0.20% ▲ 0.05 pts · high 0.20% / low 0.15% Sep 24, 20260.20%▲ from 0.15% Sep 14, 20260.15%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Other Rates

Product	Rate	Points	APY/APR
Business Liquid Asset	1.25%	-	1.26%
Min Balance $0 Details Balance: 0 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 1.21% → 1.26% ▲ 0.05 pts · high 1.26% / low 1.21% Sep 24, 20261.26%▲ from 1.21% Sep 14, 20261.21%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	1.45%	-	1.46%
Min Balance $10,000 Details Balance: 10,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 1.41% → 1.46% ▲ 0.05 pts · high 1.46% / low 1.41% Sep 24, 20261.46%▲ from 1.41% Sep 14, 20261.41%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	1.55%	-	1.56%
Min Balance $50,000 Details Balance: 50,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 1.51% → 1.56% ▲ 0.05 pts · high 1.56% / low 1.51% Sep 24, 20261.56%▲ from 1.51% Sep 14, 20261.51%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	2.05%	-	2.07%
Min Balance $100,000 Details Balance: 100,000 - 249,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.02% → 2.07% ▲ 0.05 pts · high 2.07% / low 2.02% Sep 24, 20262.07%▲ from 2.02% Sep 14, 20262.02%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	2.15%	-	2.17%
Min Balance $250,000 Details Balance: 250,000 - 499,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.12% → 2.17% ▲ 0.05 pts · high 2.17% / low 2.12% Sep 24, 20262.17%▲ from 2.12% Sep 14, 20262.12%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	2.35%	-	2.38%
Min Balance $500,000 Details Balance: 500,000 - 999,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 2.32% → 2.38% ▲ 0.06 pts · high 2.38% / low 2.32% Sep 24, 20262.38%▲ from 2.32% Sep 14, 20262.32%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Liquid Asset	3.60%	-	3.66%
Min Balance $1,000,000 Details Balance: 1,000,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 3.61% → 3.66% ▲ 0.05 pts · high 3.66% / low 3.61% Sep 19, 20263.66%▲ from 3.61% Sep 14, 20263.61%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Minimum CD Amount	0.30%	-	0.30%
Min Balance $0 Details $1,000; Balance: 0 - 2,499 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Oct 7, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Minimum CD Amount	0.35%	-	0.35%
Min Balance $2,500 Details $1,000; Balance: 2,500 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Oct 7, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Minimum CD Amount	0.45%	-	0.45%
Min Balance $10,000 Details $1,000; Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Oct 7, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Minimum CD Amount	0.55%	-	0.55%
Min Balance $25,000 Details $1,000; Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.50% → 0.55% ▲ 0.05 pts · high 0.55% / low 0.50% Oct 7, 20260.55%▲ from 0.50% Sep 14, 20260.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business Minimum CD Amount	0.65%	-	0.65%
Min Balance $50,000 Details $1,000; Balance: 50,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.60% → 0.65% ▲ 0.05 pts · high 0.65% / low 0.60% Oct 7, 20260.65%▲ from 0.60% Sep 14, 20260.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificates of Deposit	0.30%	-	0.30%
Min Balance $0 Details Balance: 0 - 2,499 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Sep 19, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificates of Deposit	0.35%	-	0.35%
Min Balance $2,500 Details Balance: 2,500 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Sep 19, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificates of Deposit	0.45%	-	0.45%
Min Balance $10,000 Details Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 19, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificates of Deposit	0.55%	-	0.55%
Min Balance $25,000 Details Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.50% → 0.55% ▲ 0.05 pts · high 0.55% / low 0.50% Sep 19, 20260.55%▲ from 0.50% Sep 14, 20260.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
IRA Certificates of Deposit	0.65%	-	0.65%
Min Balance $50,000 Details Balance: 50,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.60% → 0.65% ▲ 0.05 pts · high 0.65% / low 0.60% Sep 19, 20260.65%▲ from 0.60% Sep 14, 20260.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.30%	-	0.30%
Min Balance $0 Details $1,000; Balance: 0 - 9,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.25% → 0.30% ▲ 0.05 pts · high 0.30% / low 0.25% Sep 19, 20260.30%▲ from 0.25% Sep 14, 20260.25%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.35%	-	0.35%
Min Balance $10,000 Details $1,000; Balance: 10,000 - 24,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.30% → 0.35% ▲ 0.05 pts · high 0.35% / low 0.30% Sep 19, 20260.35%▲ from 0.30% Sep 14, 20260.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.45%	-	0.45%
Min Balance $25,000 Details $1,000; Balance: 25,000 - 49,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.40% → 0.45% ▲ 0.05 pts · high 0.45% / low 0.40% Sep 19, 20260.45%▲ from 0.40% Sep 14, 20260.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.55%	-	0.55%
Min Balance $50,000 Details $1,000; Balance: 50,000 - 74,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.50% → 0.55% ▲ 0.05 pts · high 0.55% / low 0.50% Sep 19, 20260.55%▲ from 0.50% Sep 14, 20260.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.65%	-	0.65%
Min Balance $75,000 Details $1,000; Balance: 75,000 - 99,999 Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.60% → 0.65% ▲ 0.05 pts · high 0.65% / low 0.60% Sep 19, 20260.65%▲ from 0.60% Sep 14, 20260.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Minimum CD Amount	0.75%	-	0.75%
Min Balance $100,000 Details $1,000; Balance: 100,000 & Over Last Updated 10/11/2026 Rate History 1 change since Sep 14, 2026 · 0.70% → 0.75% ▲ 0.05 pts · high 0.75% / low 0.70% Sep 19, 20260.75%▲ from 0.70% Sep 14, 20260.70%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Ultima Bank Minnesota’s Texas Ratio rose from 1.61% in Q3 2023 to 5.52% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$334M	5.52%	5.0	A+
March 31, 2026	$319M	1.61%	5.0	A+
December 31, 2025	$317M	1.71%	5.0	A+
September 30, 2025	$319M	1.97%	5.0	A+
June 30, 2025	$311M	4.26%	5.0	A+
March 31, 2025	$302M	0.00%	5.0	A+
December 31, 2024	$291M	0.01%	5.0	A+
September 30, 2024	$293M	0.15%	5.0	A+
June 30, 2024	$291M	0.36%	5.0	A+
March 31, 2024	$273M	0.03%	5.0	A+
December 31, 2023	$269M	1.26%	5.0	A+
September 30, 2023	$266M	1.61%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Ultima Bank Minnesota is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Ultima Bank Minnesota rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Ultima Bank Minnesota's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Ultima Bank Minnesota

Bank Holding Company FINANCIAL SERVICES WINGER INC

Address 9 W Minnesota Ave, Winger, MN 56592 · Polk

Website https://www.ultimabank.com

FDIC Certificate # 8867

Established 19040101

FDIC Insurance Date 19340101

Domestic Offices 6

Total Branches 6

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 97/100

5.0

Exceptional Out of 5.0 Stars

5.52%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.7564%

Return on Equity (ROE) 16.1500%

Non-Performing Loans (NPL) 0.59%

Total Assets $333,896,000

Total Deposits $277,289,000

Equity Capital $35,461,000

Net Income $2,840,000

Headquarters Winger

Total Branches and Offices 6

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Ultima Bank Minnesota earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://www.monitorbankrates.com/banks/ultima-bank-minnesota-rates-review-8867">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Ultima Bank Minnesota yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Ultima Bank Minnesota

Frequently Asked Questions About Ultima Bank Minnesota

How many branches does Ultima Bank Minnesota operate?

Ultima Bank Minnesota currently maintains approximately 6 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Ultima Bank Minnesota does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ultima Bank Minnesota provides members with tools to manage their accounts and build a solid financial history.

Does Ultima Bank Minnesota offer online and mobile banking?

Most modern institutions like Ultima Bank Minnesota provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ultimabank.com.