Current Rates

Personal Account Rates

Rates current as of April 13, 2026

Checking

Interest starts accruing on day of deposit. It is calculated daily based on your available balance and compounded monthly before being credited to your account. The interest rate is variable, may change without notice, and is tiered according to your account balance. Please note that fees may reduce your earnings.

Account Name	Available Balance	Interest Rate (%)	Annual Percentage Yield (APY %)
Personal Checking	Any Amount	0.00	0.00
Premier 55+ Checking	Any Amount	0.00	0.00
Ultima Checking	0 - 999	0.00	0.00
Ultima Checking	1,000 - 9,999	0.15	0.15
Ultima Checking	10,000 - 24,999	0.20	0.20
Ultima Checking	25,000 - 49,999	0.25	0.25
Ultima Checking	50,000 - 74,999	0.30	0.30
Ultima Checking	75,000 - 99,999	0.35	0.35
Ultima Checking	100,000 & Over	0.40	0.40

Savings

Interest begins accruing on day of deposit. It is calculated daily based on your available balance and compounded quarterly, except for UBM Direct Savings, which compounds monthly. The interest rate is variable, may change without notice, and is tiered according to your account balance. Please note that fees may reduce your earnings.

Account Name	Available Balance	Interest Rate (%)	Annual Percentage Yield (APY %)
Personal Savings	Any Amount	0.20	0.20
Ultima Savings	0 - 2,499	0.15	0.15
Ultima Savings	2,500 - 9,999	0.20	0.20
Ultima Savings	10,000 - 24,999	0.25	0.25
Ultima Savings	25,000 - 49,999	0.30	0.30
Ultima Savings	50,000 - 74,999	0.35	0.35
Ultima Savings	75,000 - 99,999	0.40	0.40
Ultima Savings	100,000 & Over	0.50	0.50
SMART Savings	Any Amount	4.25	4.32
UBM Direct Savings	1,000 - 99,999	2.30	2.32
UBM Direct Savings	100,000 - 349,999	2.50	2.52
UBM Direct Savings	350,000 - 999,999	2.70	2.73
UBM Direct Savings	1,000,000 & Over	3.69	3.74

Certificates of Deposit

Ultima Bank Minnesota offers a full range of investment products at competitive rates. “Special” rates and terms on our Certificates of Deposit (CDs) are shown below:

Special CD Rates

Specials only: valid until May 1, 2026

Term	Interest Rate (%)	Annual Percentage Yield (APY %)
12 Months	3.72	3.75
24 Months	3.47	3.50

Board CD Rates

Term	Interest Rate (%)	Annual Percentage Yield (APY %)
3 Months	1.15	1.15
6 Months	1.40	1.40
9 Months	1.65	1.65
12 Months	2.10	2.11
18 Months	2.20	2.21
24 Months	2.30	2.31
36 Months*	2.80	2.82
48 Months	2.90	2.92
60 Months	3.00	3.02

*This CD allows for a one-time rate bump during the term of the certificate.

Minimum CD Amount $1,000

Interest Computation: You will be paid the interest at the stated rate for the term you choose until the maturity date of the certificate. Interest accrual begins on day of deposit then credited to your account at maturity for the 3, 6 and 9 month certificates and compounded and credited to your account every six months for the 12 month through 60 month certificates. The annual percentage yield (APY) assumes the interest remains on deposit until maturity and that any withdrawals will reduce earnings.
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies to a daily, periodic rate to the principal in the account each day.
Transaction Limitations: After the account is opened, you may not make deposits into or withdrawals from the account until maturity date.
Early Withdrawal Penalty: If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty for such withdrawal of any CD with a term to maturity of 12 months or less will be an amount equal to one month of interest. The penalty for early withdrawal of all other CDs will equal three months of interest.
Renewal Policy: This account will be automatically renewed at maturity. You will have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty.

Loans

The rate offered on a loan depends on several factors. For a personalized quote on any of our loan options, please reach out directly to the appropriate loan department.

Consumer Real Estate Agricultural

IRA Savings

Ultima Bank Minnesota offers a complete set of Individual Retirement Accounts ("IRAs") as presented below.

Available Balance	Interest Rate (%)	Annual Percentage Yield (APY %)
0 - 9,999	0.25	0.25
10,000 - 24,999	0.30	0.30
25,000 - 49,999	0.40	0.40
50,000 - 74,999	0.50	0.50
75,000 - 99,999	0.60	0.60
100,000 & Over	0.70	0.70

IRA Certificates of Deposit

Ultima Bank Minnesota offers a complete set of Individual Retirement Accounts ("IRAs") as presented below. Minimum balance to open a certificate of deposit is $1,000.

Available Balance	Interest Rate (%)	Annual Percentage Yield (%)
12 Month	2.20	2.21
24 Month	2.40	2.41
36 Month	2.90	2.92
48 Month	3.00	3.02
60 Month	3.10	3.12

Interest Computation: You will be paid the interest at the stated rate for the term you choose until the maturity date of the certificate. Interest accrual begins on day of deposit then compounded and credited to your account semiannually. The annual percentage yield (APY) assumes the interest remains on deposit until maturity and that any withdrawals will reduce earnings.
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies to a daily, periodic rate to the principal in the account each day.
Early Withdrawal Penalty: The penalty for early withdrawal of any CD with a term to maturity of 12 months is an amount equal to one month of interest. The penalty for early withdrawal of all other CDs will equal three months of interest.

Health Savings Account (HSAs)

Available Balance	Interest Rate (%)	Annual Percentage Yield (APY %)
0 - 2,499	0.25	0.25
2,500 - 9,999	0.30	0.30
10,000 - 24,999	0.40	0.40
25,000 - 49,999	0.50	0.50
50,000 & Over	0.60	0.60