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Checking & Savings
Saving Deposit

Checking & Savings

Personalized Banking That Meets Your Needs.

Life presents a whole host of challenges, among them efficiently managing your time and money. BankCherokee works with you to adapt to the changing times, circumstances and new opportunities that are part of our lives. That’s why we offer a variety of personal checking & savings accounts.

Click Here For A Quick Comparison Of BankCherokee Checking Accounts (PDF)

Regular Checking

A Checking account that is flexible, simple and loaded with benefits.

Minimum Opening Deposit

$200

Minimum Balance Required to avoid Monthly Maintenance Fee

$500 daily minimum or $1,000 average monthly

Monthly Maintenance Fee

$6

Discounts to avoid monthly maintenance fee

-$5/month discount for 15 or more posted Check Card purchases/payments.
-$1/month discount off maintenance fee if enrolled in eStatements. eStatements include check and deposit images.
-$5/month student discount (Less than 18 years of age. Adult joint ownership required).
-$5/month Senior 55+ discount.
-$5/month Estate Account discount.

Interest Tiers

No

ATM Withdrawals

Free**

Optional imaged checks with statement

$2/statement. If selected, $2/statement fee assessed only if minimum balance requirement is not met.

Benefits

-Free first order of checks (welcome kit)
-Free Check Card
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Access to 55,000 Surcharge-Free ATMs. Worldwide, with Free ATM locator App

Interest Checking

A Checking account that is flexible, simple, loaded with benefits and pays you interest.

Minimum Opening Deposit

$200

Minimum Balance Required to avoid Monthly Maintenance Fee

$500 daily minimum or $1,000 average monthly

Monthly Maintenance Fee

$8

Discounts to avoid monthly maintenance fee

-$1/month discount off maintenance fee if enrolled in eStatements. eStatements include check and deposit images.
-$5/month student discount (Less than 18 years of age. Adult joint ownership required).
-$5/month Senior 55+ discount.
-$5/month Estate Account discount.

Interest Tiers

$1,000+

ATM Withdrawals

Free**

Optional imaged checks with statement

$2/statement. If selected, $2/statement fee assessed only if minimum balance requirement is not met.

Benefits

-Free first order of checks (welcome kit)
-Free Check Card
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Access to 55,000 Surcharge-Free ATMs. Worldwide, with Free ATM locator App

Relationship Interest Checking

Our most complete package of banking services.

Minimum Opening Deposit

$200

Minimum Balance Required to avoid Monthly Maintenance Fee

$750 daily minimum or $1,500 Average Monthly or $5,000 combined deposits or $10,000 combined deposits/loans.*

Monthly Maintenance Fee

$11

Discounts to avoid monthly maintenance fee

-$1/month discount off maintenance fee if enrolled in eStatements. eStatements include check and deposit images.
-$5/month student discount (Less than 18 years of age. Adult joint ownership required).
-$5/month Senior 55+ discount.
-$5/month Estate Account discount.

Interest Tiers

$0+

ATM Withdrawals

Free**

Optional imaged checks with statement

Yes, if requested.

Benefits

-Free box of personalized checks (standard design) annually or $10.00 credit annually towards a design of your choice
-Free Check Card
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Access to 55,000 Surcharge-Free ATMs. Worldwide, with Free ATM locator App

Cherokey Credit

Take advantage of a convenient line of credit tied to your checking account. Cherokey Credit will protect your account from overdrafts, and allows you to write yourself a small loan anytime***.

Apply Today

Checking & Cherokey Credit Disclosures

* Qualifying total includes outstanding balances only. Does not include mortgage or credit card balances.

** Some ATM machines may impose an additional ATM transaction fee unrelated to our accounts.
This charge will be assessed on your account.

*** Subject to qualification.

Youth Savings

A flexible insured savings account with a low minimum balance designed to teach young people how to save.

Minimum Balance / Requirements

$25 daily balance++

Monthly Maintenance Charge

None, or $2 per month if balance falls below minimum

ATM Fees+++ And Access

Not available

Check Access

Not available

Activity Charges

4 free withdrawals per month, 25¢ for each additional withdrawal per month+

Statement Savings

Flexible insured savings account with a low minimum balance, variable interest rate and easy cash access.

Minimum Balance / Requirements

$200 daily balance

Monthly Maintenance Charge

None, or $2 per month if balance falls below minimum

ATM Fees+++ And Access

ATM card available with checking relationship. $1 per ATM Savings Account withdrawal.

Check Access

Not available

Activity Charges

4 free withdrawals per month, 25¢ for each additional withdrawal per month+

Money Market Account

Competitive rate savings with complete liquidity and insured security. Variable interest on your entire balance.

Minimum Balance / Requirements

$500 daily balance

Monthly Maintenance Charge

None, or $5 per month if balance falls below minimum

ATM Fees+++ And Access

Free on all ATMs

Check Access

Optional

Activity Charges

6 free withdrawals (i.e., telephone transfers, checks/withdrawal, or ACH debits) $1 for each additional withdrawal per statement period+

Money Market Investment Account

Highest yielding savings with liquidity, insured security, and easy access. Variable interest on your entire balance.

Minimum Balance / Requirements

$30,000 daily ledger balance

Monthly Maintenance Charge

None, or $15 per month if balance falls below minimum

ATM Fees+++ And Access

Free on all ATMs

Check Access

Optional

Activity Charges

6 free withdrawals (i.e., telephone transfers, checks/withdrawal, or ACH debits) $1 for each additional withdrawal per statement period+

Certificates of Deposit

A full range of FDIC insured certificates of deposit are available with a variety of yields and maturities.

Minimum Balance / Requirements

$1,000

Monthly Maintenance Charge

None, penalties will be imposed for early withdrawals

IRAs

An IRA is an excellent foundation for your retirement nest egg. The earlier you begin planning for your retirement, the more money you’ll have to fulfill your dreams. And your contributions may be tax deductible. (Ask your tax advisor.)

BankCherokee offers Traditional, Roth and Education IRAs with a variety of yields and maturities. Remember, you can still contribute to an IRA even if you participate in an employer or government sponsored retirement plan, as long as you earn income.

With few exceptions, funds deposited in an IRA may not be withdrawn before retirement age without incurring penalties. Contact us today and we will work with you to find the best IRA to fit your needs.

Health Savings Account

Set aside money tax-exempt for your medical expenses and earn interest on it.

Minimum Balance / Requirements

$500 daily balance

Monthly Maintenance Charge

None, or $5 per month if balance falls below minimum

ATM Fees+++ And Access

Not available

Check Access

Optional with HSA Check Card.

Savings Account Disclosures

+ Federal regulations limit transfers to another account or to third parties by preauthorized, automatic, check, or telephone transfers to six per month.

++ Account will revert to Statement Savings Account at age 18.

+++ Some ATM machines may impose an additional ATM transaction fee unrelated to our accounts. This charge will be assessed on your account