Current Rates

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Interest accrual begins on the first business day after the day we receive your deposit. Interest is calculated daily based on your available balance, then compounded and credited to your account monthly. The Interest Rate is variable, subject to change without notice and tiered according to your account balance. Fees could reduce earnings.

Account Name	Available Balance	Interest Rate (In %)	Annual Percentage Yield (APY In %)
Now	0-499	0.00	0.00
	500.00 & Over	.20	.20
Money Market	0-999	.20	.20
	1,000-9,999	.25	.25
	10,000-24,999	.30	.30
	25,000-49,999	.35	.35
	50,000-74,999	.40	.40
	75,000 & Over	.45	.45
Ultima	0-9,999	.30	.30
	10,000-24,999	.35	.35
	25,000-49,999	.40	.40
	50,000-74,999	.45	.45
	75,000-99,999	.50	.50
	100,000 & Over	.55	.55
Liquid Asset	0-9,999	1.40	1.41
	10,000-49,999	1.60	1.61
	50,000 - 99,999	1.70	1.71
	100,000 - 249,999	2.20	2.22
	250,000 - 499,999	2.30	2.32
	500,000 - 999,999	2.50	2.53
	1,000,000 & Over	3.75	3.82

Rates accurate as of December 19, 2024.4

Savings

Interest accrual begins on the first business day after the day we receive your deposit. Interest is calculated daily based on your available balance, then compounded and credited to your account quarterly (except for the UBM Direct Savings which is monthly). The interest rate is variable, is subject to change without notice and tiered according to your account balance. Fees could reduce earnings.

Account Name	Available Balance	Interest Rate (In %)	Annual Percentage Yield (APY In %)
UBM Direct	1,000-99,999.99	2.50	2.53
	100,000-349,999	2.70	2.73
	350,000 & Over	2.90	2.94
SMART	Any Amount	5.00	5.10
Christmas Club	Any Amount	.20	.20
Regular	Any Amount	.25	.25
Money Market	0-2,499	.25	.25
	2,500-9,999	.30	.30
	10,000-24,999	.35	.35
	25,000-49,999	.40	.40
	50,000-74,999	.45	.45
	75,000 & Over	.50	.50
Ultima	0-9,999	.35	.35
	10,000-24,999	.40	.40
	25,000-49,999	.45	.45
	50,000-74,999	.50	.50
	75,000-99,999	.55	.55
	100,000 & Over	.60	.60

Rates accurate as of December 19, 2024.

Certificates of Deposit

Ultima Bank Minnesota offers a full spectrum of investment products with very competitive rates. Quite often, depending on our loan demand, we offer "Special" rates and terms on our Certificates of Deposit ("CDs") that are exceptionally competitive, as noted below:

Special - Rate through December 20, 2024

Terms	Interest Rate (In %)	Annual Percentage Yield (APY In %)
12 Months	4.21	4.25
18 Months	4.11	4.15

Board Rates

Terms	Interest Rate (In %)	Annual Percentage Yield (APY In %)
3 Months	1.24	1.25
6 Months	1.49	1.50
9 Months	1.75	1.75
12 Months	2.24	2.25
18 Months	2.34	2.35
24 Months	2.48	2.50
*36 Month Bump Up CD	3.17	3.20
48 Months	2.98	3.00
60 Months	3.17	3.20

*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 the first business day after the day we receive your 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 CD's 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.

Rates accurate as of December 9, 2024.

Loans

Many factors will affect the stated rate on any given loan. Therefore, if you are seeking a rate quote on any given type of loan, please contact the applicable loan department.

Consumer	Real Estate	Agricultural

Individual Retirement Accounts (IRA)

IRA Savings

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

Product Name	Available Balance	Interest Rate (In %)	Annual Percentage Yield (APY In %)
Traditional IRA	0 - 9,999	.35	.35
	10,000 - 24,999	.45	.45
Roth IRA	25,000 - 49,999	.55	.55
	50,000 - 74,999	.65	.65
	75,000 - 99,999	.75	.75
	100,000 & Over	.85	.85

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.

Product Name	Available Balance	Interest Rate (In %)	Annual Percentage Yield (APY In %)
Traditional IRA	12 Month	2.34	2.35
	24 Month	2.58	2.60
Roth IRA	36 Month	3.27	3.30
	48 Month	3.08	3.10
	60 Month	3.27	3.30

Request An Application Packet

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 the first business day after the day we receive your 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 CD's will equal three months of interest.

Rates accurate as of December 19, 2024.

Health Savings Account (HSA)

Available Balance	Interest Rate (In%)	Annual Percentage Yield (APY In %)
0 -2,499	.40	.40
2,500 - 9,999	.45	.45
10,000 - 24,999	.55	.55
25,000 - 49,999	.65	.65
50,000 & Over	.75	.75

Rates accurate as of December 19, 2024

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