Not just a bank.
A partner in your mission.
Your mission deserves a banking partner who’s equally invested in your impact. Start earning 3.00% APY for 6 months*—talk to a banker today.
Now offering 3.00% APY for 6 months on eligible new Community Checking accounts*
Plus, new clients save 50% on cash management service fees for 6 months.**
Meet the Community Checking Account: built for nonprofit leaders
You’re responsible for every dollar and every decision. Our Community Checking account is built specifically for nonprofits and associations with significant banking needs. It’s a simple, flexible checking account designed to help you make more of every dollar.
Features of the Community Checking Account include:
| Minimum Balance Requirements | None |
| Monthly Maintenance Fee | None |
| Interest | 3.00% Annual Percentage Yield (APY) for 6 months on your entire balance with $100,000+ in eligible deposits* After 6 months, balances of $100,000+ earn 0.50% APY 1 Balances up to $99,999.99 earn 0.05% APY |
| Transactions | 200 included per month 2 ($0.40 per transaction over 200) |
| Benefits | New clients enjoy half-off cash management fees for 6 months** Free digital banking Free bill pay Free first order of checks Free initial check card |
We don’t just work with nonprofits—we’re part of them. Our team brings real experience as board members, volunteers, and community partners, so you get the right tools backed by people who understand your work.
Meet the Community Checking Account: built for nonprofit leaders
You’re responsible for every dollar and every decision. Our Community Checking account is built specifically for nonprofits and associations with significant banking needs. It’s a simple, flexible checking account designed to help you make more of every dollar.
Features of the Community Checking Account include:
- Minimum Balance Requirements: None
- Monthly Maintenance Fee: None
- Interest: 3.00% Annual Percentage Yield (APY) for 6 months on your entire balance with $100,000+ in eligible deposits*
After 6 months, balances of $100,000+ earn 0.50% APY 1
Balances up to $99,999.99 earn 0.05% APY - Transactions: 200 included per month 2 ($0.40 per transaction over 200)
- Benefits: New clients enjoy half-off cash management fees for 6 months**
Free digital banking
Free bill pay
Free first order of checks
Free initial check card
We don’t just work with nonprofits—we’re part of them. Our team brings real experience as board members, volunteers, and community partners, so you get the right tools backed by people who understand your work.
Here’s what sets us apart from other banks.
Local decision-making
For more than 100 years, we’ve been rooted in the Twin Cities, making local decisions that support the organizations that strengthen our community.
Relationship-centered service
You’ll work with a dedicated team of bankers who understand your mission, your responsibilities, and what’s at stake.
Community-focused approach
People have always been our priority, and our team shows up as volunteers, nonprofit board members, and community partners.
Here for community. Here for good.
BankCherokee is the leading nonprofit banking partner in the Twin Cities. We’re proud to be a local, community‑rooted, relationship‑driven partner that understands nonprofit financial realities.
Let’s schedule a short chat to learn more about your organization’s needs.
Terms + Conditions Apply: Promotional offer is for a limited time only. Terms and conditions apply. BankCherokee reserves the right to modify or discontinue this offer at any time without notice. Member FDIC. Equal Housing Lender.
* Promotional Interest Rate:
3.00% Annual Percentage Yield (APY) for six (6) months from the date of qualifying deposit. Applies to new money (funds not currently on deposit with BankCherokee) with balances maintained of $100,000 or higher. Rate applies to the full balance. Rates effective starting May 15, 2026. During the 6-month promotional period, the applicable interest rate is based on the daily balance. Balances of $100,000 or more earn 3.00% APY; balances below $100,000 earn the standard tiered rate. Following the 6-month promotional period, interest rate will shift to match the standard tiered interest rate of the Community Checking account.
** Promotional Cash Management Discount:
New clients receive a 50% discount on cash management service fees for six (6) months from the activation date of each service, provided the service is enrolled within thirty (30) days of opening the new checking account. Fees are billed monthly at the end of each month. Following the applicable 6‑month promotional period, standard cash management fees will apply beginning with the next monthly billing cycle.
1 Standard tiered interest rates are subject to change.
2 A transaction is defined as each individual item, including but not limited to: checks paid, ACH debit or credit items, ATM withdrawals, debit card transactions, transfers, deposits, and deposit tickets. For deposits, the deposit ticket counts as one transaction and each item included within the deposit counts as a separate transaction, regardless of how the deposit is made.
