Deposit Services for Individual & Family Clients


 
 

FREE

  • Internet Banking and Bill Pay
  • Debit Card
  • Mobile Banking & Bill Pay
  • Unlimited use of Cherokee Bank  ATMs &
                ATMs


SIMPLE CHECKING

  • NO Monthly Maintenance Fee
  • NO Minimum Balance Requirement


MILLENNIUM PLAN

  • Free Millennium Style Checks
  • No fees on purchase of Travelers Checks
  • No fee for One Official Check Per Month
  • $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
  • Standard fees apply for Non-Cherokee Bank ATM fees


For every qualifying purchase made using your debit card with your signature, you earn valuable Bonus Points that may be redeemed for brand-name merchandise and exciting travel awards. Register your debit card now at ScorecardRewards.com



REGULAR SAVINGS ACCOUNT

  • Limited Transaction Account
  • $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


INSURED MONEY MARKET ACCOUNT

  • Limited Transaction Account
  • $2,000 Minimum Daily Balance to Avoid Monthly Maintenance Fee of $10
  • Interest Compounded Monthly, Credited Monthly
  • Higher Rate for Balances Over $100,000


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


INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

  • $1,000 Minimum to Open
  • Money Market Accounts & Certificates of Deposit Available
  • Traditional, ROTH and Educational.

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.

Wire Transfer Instructions
Schedule of Fees
Online Banking Info
Re-Order Checks