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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
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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
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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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ATMs
