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HOMETOWN FREE CHECKING
- $50 Minimum to Open
- Unlimited Check Writing
- NO Monthly Maintenance Fee
- NO Minimum Balance Requirement
- Unlimited use of Cherokee Bank's ATM
- Standard fees apply for Non-Cherokee Bank ATM fees
- Free Automated Telephone Banking
- Free Internet Banking and Bill Pay
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REGULAR CHECKING
- $50 Minimum to Open
- Unlimited Check Writing
- 2 Refunds Per Month of Non-Cherokee Bank ATM Fees
- $750 Minimum Daily Balance to Avoid Monthly Maintenance
Fee of $10
- Free Internet Banking and Bill Pay
Please ask us about free Student Checking!
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INTEREST CHECKING ACCOUNT
- $50 Minimum to Open
- Unlimited Check Writing
- 2 Refunds Per Month of Non-Cherokee Bank ATM Fees
- $1,000 Minimum Daily Balance to Avoid Monthly Maintenance Fee of $8
- Interest Compounded Monthly on Daily Balance
- Free Internet Banking and Bill Pay
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MILLENNIUM PLAN
- $100 Minimum to Open
- Unlimited Check Writing
- Free Millennium Style Checks
- 7 Refunds Per Month of Non-Cherokee Bank ATM Fees
- No fees on purchase of Travelers Checks
- No fee for One Official Check Per Month
- Free Internet Banking and Bill Pay
- $20 Discount on Safe Deposit Box
- $2,000 Minimum Daily Balance in Total Accounts (May include CDs or savings accounts) Titled Same to Avoid Monthly Maintenance Fee of $15
- Interest Compounded Monthly on Daily Balance
- Higher rate for Balances over $50,000
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REGULAR SAVINGS ACCOUNT
- $100 Minimum to Open
- 6 Free Withdrawals Per Quarter
- Additional Withdrawals $5 Each
- $100 Minimum Balance During Quarter to Avoid Quarterly Maintenance Fee of
$5
- Interest Compounded Monthly, Credited Monthly
- No Minimum Balance Requirement for Minor or Custodial Accounts
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INSURED MONEY MARKET ACCOUNT
- $100 Minimum to Open
- $2,000 Minimum Daily Balance to Avoid Monthly Maintenance Fee of $10
- 6 Withdrawals Per Month (3 may be by check)
- Additional Withdrawals $10 each
- Interest Compounded Monthly, Credited Monthly
- Higher Rate for Balances Over $100,000
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HEALTH SAVINGS ACCOUNTS
- $100 Minimum opening deposit
- No minimum balance
- No transaction fees
- $25 annual fee; waived when you set up automatic transfer from a Cherokee Bank checking account for HAS accounts
- Interest compounded monthly on daily balance
- Free internet banking
- Free automated telephone banking
- Monthly statement
- No debit/ATM cards
- "HSA" (Health Savings Account) style checks (1st order free)
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CERTIFICATES OF DEPOSIT
- $1,000 Minimum to Open
- Maturities up to 60 Months Available
- Interest Compounded Daily
* Interest Credited at Maturity on Certificates for terms of 1 Year or Less.
* Interest Credited at Least Annually on Certificates for terms over 1 Year.
- Penalty for Early Withdrawal
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INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
- $1,000 Minimum to Open
- Money Market Accounts & Certificates of Deposit Available
- Traditional, ROTH and Educational.
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Important Information about Procedures for Opening a New Account
Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents.
In order for Cherokee Bank to form a reasonable belief that the true identity of each client is known, we request that you personally visit one of our office locations to open an account.
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