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Ultima Bank Minnesota

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Ultima Bank Minnesota Rates & Review November 2026

Q: 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%

Q: What CD terms does Ultima Bank Minnesota offer?

Ultima Bank Minnesota CD rates are 4.20% APY for a 12 month CD, 2.21% APY for an 18 month CD, 4.40% APY for a 2 year CD, 2.82% APY for a 3 year CD, 2.92% APY for a 4 year CD and 3.02% APY for a 5 year CD, verified by MonitorBankRates as of November 5, 2026. The institution may offer other terms or specials that are not listed here, so check with Ultima Bank Minnesota for its full lineup.

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: November 5, 2026

Ultima Bank Minnesota's 24-Month CD rates are at 4.40%, 12-Month CD rates are at 4.20%, 60-Month CD rates are at 3.02%, 48-Month CD rates are at 2.92%, 36-Month CD rates are at 2.82%. Ultima Bank Minnesota's savings rates are at 4.58%. Ultima Bank Minnesota's checking rates are as high as 0.45%. Ultima Bank Minnesota's top CD rate of 4.40% APY on a 2 year CD is 50% higher than the MonitorBankRates national average of 2.94% APY for that term, and it has an A+ health rating. 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 11/05/2026.

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 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

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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
24-Month CD	4.35%	4.40%	24 Months
No additional details. Last Updated 11/05/2026 Rate History 1 change since Oct 14, 2026 · 2.31% → 4.40% ▲ 2.09 pts · high 4.40% / low 2.31% Oct 20, 20264.40%▲ from 2.31% Oct 14, 20262.31%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
12-Month CD	4.16%	4.20%	12 Months
No additional details. Last Updated 11/05/2026 Rate History 1 change since Oct 14, 2026 · 2.11% → 4.20% ▲ 2.09 pts · high 4.20% / low 2.11% Oct 20, 20264.20%▲ from 2.11% Oct 14, 20262.11%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
60-Month CD	3.00%	3.02%	60 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 3.02% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
48-Month CD	2.90%	2.92%	48 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.92% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
36-Month CD	2.80%	2.82%	36 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.82% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
24-Month CD	2.30%	2.31%	24 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.31% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
18-Month CD	2.20%	2.21%	18 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.21% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
12-Month CD	2.10%	2.11%	12 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.11% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
9-Month CD	1.65%	1.65%	9 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.65% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
6-Month CD	1.40%	1.40%	6 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.40% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
3-Month CD	1.15%	1.15%	3 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.15% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Business CD Rates

Product	Rate	APY	Term
Business CD - 60-month	3.00%	3.02%	60 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 3.02% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 48-month	2.90%	2.92%	48 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.92% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 36-month	2.80%	2.82%	36 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.82% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 24-month	2.30%	2.31%	24 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.31% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 18-month	2.20%	2.21%	18 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.21% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 12-month	2.10%	2.11%	12 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 2.11% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 9-month	1.65%	1.65%	9 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.65% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 6-month	1.40%	1.40%	6 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.40% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Business CD - 3-month	1.15%	1.15%	3 Months
No additional details. Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 1.15% APY · checked 7 times 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%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 4.58% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
UBM Direct Savings	4.07%	4.15%
Min Balance $1,000,000 Details Balance: 1,000,000 & Over Last Updated 11/05/2026 Rate History 2 changes since Sep 14, 2026 · 3.74% → 4.15% ▲ 0.41 pts · high 4.15% / low 3.74% Oct 21, 20264.15%▲ from 4.00% 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 Balance: 350,000 - 999,999 Last Updated 11/05/2026 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 Balance: 100,000 - 349,999 Last Updated 11/05/2026 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 Balance: 1,000 - 99,999 Last Updated 11/05/2026 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 Balance: 100,000 & Over Last Updated 11/05/2026 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 Balance: 75,000 - 99,999 Last Updated 11/05/2026 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 Balance: 50,000 - 74,999 Last Updated 11/05/2026 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 Balance: 25,000 - 49,999 Last Updated 11/05/2026 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 Balance: 10,000 - 24,999 Last Updated 11/05/2026 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%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 0.25% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Savings	0.25%	0.25%
Min Balance $2,500 Details Balance: 2,500 - 9,999 Last Updated 11/05/2026 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 Balance: 0 - 2,499 Last Updated 11/05/2026 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	View More
Commercial Savings	0.25%	0.25%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Rate History No change since Oct 14, 2026 · 0.25% APY · checked 7 times 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 Balance: 100,000 & Over Last Updated 11/05/2026 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 Balance: 75,000 - 99,999 Last Updated 11/05/2026 Rate History No change since Sep 14, 2026 · 0.40% APY · checked 13 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 Balance: 50,000 - 74,999 Last Updated 11/05/2026 Rate History No change since Sep 14, 2026 · 0.35% APY · checked 13 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 Balance: 25,000 - 49,999 Last Updated 11/05/2026 Rate History No change since Sep 14, 2026 · 0.30% APY · checked 13 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 Balance: 10,000 - 24,999 Last Updated 11/05/2026 Rate History No change since Sep 14, 2026 · 0.25% APY · checked 13 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 Balance: 1,000 - 9,999 Last Updated 11/05/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 13 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Personal Checking	0.00%	0.00%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Premier 55+ Checking	0.00%	0.00%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Ultima Checking	0.00%	0.00%
Min Balance $0 Details Balance: 0 - 999 Last Updated 11/05/2026 Rate History 2 changes since Sep 14, 2026 · 0.35% → 0.20% ▼ 0.15 pts · high 0.40% / low 0.20% Oct 21, 20260.20%▼ from 0.40% Oct 20, 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 Bank Minnesota Business Checking Rates

Product	Rate	APY	View More
Commercial Checking	0.00%	0.00%
Min Balance $0 Details Balance: Any Amount Last Updated 11/05/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%

Ultima Bank Minnesota Other Rates

Product	Rate	Points	APY/APR	Term
Certificate of Deposit - 12 Months	2.10%	-	2.11%	12 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.11% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 12 Months	4.16%	-	4.20%	12 Months
Last Updated 11/05/2026 Rate History 1 change since Oct 20, 2026 · 2.11% → 4.20% ▲ 2.09 pts · high 4.20% / low 2.11% Oct 22, 20264.20%▲ from 2.11% Oct 20, 20262.11%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 18 Months	2.20%	-	2.21%	18 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.21% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 24 Months	2.30%	-	2.31%	24 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.31% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 24 Months	4.35%	-	4.40%	24 Months
Last Updated 11/05/2026 Rate History 1 change since Oct 20, 2026 · 2.31% → 4.40% ▲ 2.09 pts · high 4.40% / low 2.31% Oct 22, 20264.40%▲ from 2.31% Oct 20, 20262.31%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 3 Months	1.15%	-	1.15%	3 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 36 Months	2.80%	-	2.82%	36 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.82% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 48 Months	2.90%	-	2.92%	48 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.92% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 6 Months	1.40%	-	1.40%	6 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 60 Months	3.00%	-	3.02%	60 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 3.02% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Certificate of Deposit - 9 Months	1.65%	-	1.65%	9 Months
Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.65% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.25%	-	1.26%
Min Balance $0 Details Balance: 0 - 9,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.26% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.45%	-	1.46%
Min Balance $10,000 Details Balance: 10,000 - 49,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.46% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.55%	-	1.56%
Min Balance $50,000 Details Balance: 50,000 - 99,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.56% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.05%	-	2.07%
Min Balance $100,000 Details Balance: 100,000 - 249,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.07% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.15%	-	2.17%
Min Balance $250,000 Details Balance: 250,000 - 499,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.17% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.35%	-	2.38%
Min Balance $500,000 Details Balance: 500,000 - 999,999 Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.38% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	3.60%	-	3.66%
Min Balance $1,000,000 Details Balance: 1,000,000 & Over Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 3.66% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.25%	-	1.26%
Min Balance $0 Details Balance: 0 - 9,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.26% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.45%	-	1.46%
Min Balance $10,000 Details Balance: 10,000 - 49,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.46% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	1.55%	-	1.56%
Min Balance $50,000 Details Balance: 50,000 - 99,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 1.56% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.05%	-	2.07%
Min Balance $100,000 Details Balance: 100,000 - 249,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.07% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.15%	-	2.17%
Min Balance $250,000 Details Balance: 250,000 - 499,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.17% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	2.35%	-	2.38%
Min Balance $500,000 Details Balance: 500,000 - 999,999; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 2.38% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.52%
Liquid Asset	3.60%	-	3.66%
Min Balance $1,000,000 Details Balance: 1,000,000 & Over; Interest begins accruing on day of deposit; compounded monthly Last Updated 11/05/2026 Rate History No change since Oct 20, 2026 · 3.66% APY · checked 6 times 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.
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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

Bank Name Ultima Bank Minnesota

Website https://www.ultimabank.com

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

Bank Holding Company FINANCIAL SERVICES WINGER INC

FDIC Certificate # 8867

Regulator FDIC

Established January 1, 1904

FDIC Insurance Date January 1, 1934

Domestic Offices 6

Total Branches 6

FDIC Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (97/100)

Texas Ratio

5.52%

National Average Texas Ratio

5.85%

Return on Assets (ROA)

1.7564%

Return on Equity (ROE)

16.1500%

Non-Performing Loans Ratio (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

Source: FDIC — Last Updated June 30, 2026

2026 MBR Health & Safety Badge

Ultima Bank Minnesota earned the Verified Healthy badge

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Customer Reviews

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Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About Ultima Bank Minnesota

Does Ultima Bank Minnesota offer CDs?

Yes. Ultima Bank Minnesota current CD rates include its 24-Month CD at 4.40% APY, its 12-Month CD at 4.20% APY and its 60-Month CD at 3.02% APY, verified by MonitorBankRates as of November 5, 2026.

Are CDs from Ultima Bank Minnesota FDIC insured?

Yes. Ultima Bank Minnesota is insured by the Federal Deposit Insurance Corporation (FDIC), so CDs opened there are insured up to $250,000 per depositor, per ownership category.

What is the highest CD rate at Ultima Bank Minnesota?

The highest Ultima Bank Minnesota CD rate is its 24-Month Certificates of Deposit at 4.40% APY, verified by MonitorBankRates as of November 5, 2026.

What CD terms does Ultima Bank Minnesota offer?

Ultima Bank Minnesota CD rates are 4.20% APY for a 12 month CD, 2.21% APY for an 18 month CD, 4.40% APY for a 2 year CD, 2.82% APY for a 3 year CD, 2.92% APY for a 4 year CD and 3.02% APY for a 5 year CD, verified by MonitorBankRates as of November 5, 2026. The institution may offer other terms or specials that are not listed here, so check with Ultima Bank Minnesota for its full lineup.

What is the highest savings rate at Ultima Bank Minnesota?

The highest Ultima Bank Minnesota savings rate is its SMART Savings at 4.58% APY, verified by MonitorBankRates as of November 5, 2026.

What is the highest checking rate at Ultima Bank Minnesota?

The highest Ultima Bank Minnesota checking rate is its Ultima Checking at 0.45% APY, verified by MonitorBankRates as of November 5, 2026.

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.

Are all CD rates listed on MonitorBankRates federally insured?

Most are. Banks are insured by the FDIC and most credit unions by the NCUA, up to $250,000 per depositor, per ownership category. A small number of credit unions are privately insured instead, and we label them on their pages. MonitorBankRates is not a bank or credit union; deposit insurance comes from the institution where you open the account.

I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?

You open the account directly with the bank or credit union. Use the View button next to a rate to go to the institution's website, then apply online, by phone or at a branch. Confirm the current rate and terms with the institution before you deposit.

If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?

Your account is with the financial institution. MonitorBankRates is a rate comparison site; we do not open accounts, hold deposits or handle your money.

Why are some CD offers not available for me to open?

Some offers are limited to certain states or local areas, require membership or an existing account, need a minimum deposit, or were promotions that have since ended. Rates can also change after we verify them. The institution's website has the current eligibility rules.

How do Ultima Bank Minnesota rates compare?

Ultima Bank Minnesota's top CD rate of 4.40% APY on a 2 year CD is 50% higher than the MonitorBankRates national average of 2.94% APY for that term, and it has an A+ health rating. Ultima Bank Minnesota's top rates are its 24-Months 24-Month Certificates of Deposit at 4.40% APY, its SMART Savings at 4.58% APY and its Ultima Checking at 0.45% APY, verified by MonitorBankRates on November 5, 2026.

Current Ultima Bank Minnesota Rates

12-Month CD2.11%
18-Month CD2.21%
24-Month CD2.31%
36-Month CD2.82%
48-Month CD2.92%
60-Month CD3.02%
Savings4.58%

Retrieved from our database of financial products. Rates subject to change.

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Ultima Bank Minnesota Rates & Review November 2026

Brian McKay

Overall Health & Safety Grade

MonitorBankRates Star Rating

Ultima Bank Minnesota Texas Ratio

Ultima Bank Minnesota Health Trend

Ultima Bank Minnesota CD Rates

Ultima Bank Minnesota Business CD Rates

Ultima Bank Minnesota Savings Rates

Ultima Bank Minnesota Business Savings Rates

Ultima Bank Minnesota Checking Rates

Ultima Bank Minnesota Business Checking Rates

Ultima Bank Minnesota Other Rates

Financial Health History

Methodology & Data Sources

Bank Profile & Overview

Financials

Ultima Bank Minnesota earned the Verified Healthy badge

Customer Reviews

Frequently Asked Questions About Ultima Bank Minnesota

Does Ultima Bank Minnesota offer CDs?

Are CDs from Ultima Bank Minnesota FDIC insured?

What is the highest CD rate at Ultima Bank Minnesota?

What CD terms does Ultima Bank Minnesota offer?

What is the highest savings rate at Ultima Bank Minnesota?

What is the highest checking rate at Ultima Bank Minnesota?

How many branches does Ultima Bank Minnesota operate?

Is there a first-time homebuyer program?

Are credit management and repair services offered?

Does Ultima Bank Minnesota offer online and mobile banking?

Are all CD rates listed on MonitorBankRates federally insured?

I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?

If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?

Why are some CD offers not available for me to open?

How do Ultima Bank Minnesota rates compare?

Current Ultima Bank Minnesota Rates

Compare to Other Banks