03/27/2020 COVID-19 Update:
  • Beginning Monday, March 30, our office at Randolph will be closed until at least April 10, 2020.
  • Hours change: our other locations will have the drive-ups open from 9-5 Monday through Friday and 9-noon on Saturdays.

Click here to read the full announcement. As always, thank you for the opportunity to serve you.

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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.

Check out our Deposit Rates

SimplyCherokee

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

Minimum Opening Deposit

$50

Monthly Maintenance Fee

$5

To avoid monthly maintenance fee

Have a Direct Deposit into account during each statement cycle (i.e., payroll, SSA, pension)

Or

10 or more posted CheckCard purchases/payments during statement cycle

Interest Bearing

No

ATM Withdrawals

Free*

Statements

Free eStatements or $5 per month for paper statements

Benefits

-Free first order of checks (welcome kit)
-Free Check Card
-Free Apple Pay, Google Pay & Samsung Pay
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Free Popmoney & Transfer Money
-Access to 32,000 Surcharge-Free ATMs with Free ATM locator App

CherokeeLifestyle (50 Plus)

A Checking account for those that are 50 Plus that is flexible, simple, loaded with benefits and pays you interest.

Minimum Opening Deposit

$50

Monthly Maintenance Fee

$0

To avoid monthly maintenance fee

No monthly maintenance fee

Interest Bearing

Yes

ATM Withdrawals

Free*

Statements

Free eStatements or $5 per month for paper statements

Benefits

-Free first order of checks (welcome kit)
-Free Check Card
-One Free Cashier's Check per statement cycle
-Free Apple Pay, Google Pay & Samsung Pay
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Free Popmoney & Transfer Money
-Access to 32,000 Surcharge-Free ATMs with Free ATM locator App

CherokeePlus

Our most complete package of banking services.

Minimum Opening Deposit

$100

Monthly Maintenance Fee

$10

To avoid monthly maintenance fee

Maintain a $1,000 average monthly balance

Or

$10,000 combined balances in deposits and/or loans**

Interest Bearing

Yes

  • $0-24,999
  • $25,000 and over

ATM Withdrawals

Free**

Statements

Free eStatements or Paper Statements

Benefits

-Free box of personalized checks (standard design) annually or $10.00 credit annually towards a design of your choice
-Up to $50 discount on first year rent for Safe Deposit Box
-One Free Cashier's Check per statement cycle
-Free Check Card
-Free Apple Pay, Google Pay & Samsung Pay
-Free Internet Banking
-Free Mobile Banking with Mobile Deposit
-Free Bill Pay
-Free Popmoney & Transfer Money
-Access to 32,000 Surcharge-Free ATMs with Free ATM locator App

Cherokee Credit

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

Apply Today

Checking & Cherokee Credit Disclosures

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

** Qualifying total includes outstanding balances only. Does not include third party deposit, mortgage or credit card balances.

*** 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 ledger 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

No charge for in-person withdrawals+

Statement Savings

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

Minimum Balance / Requirements

$200 daily ledger 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

No charge for in-person withdrawals+

Money Market Account

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

Minimum Balance / Requirements

$500 daily ledger 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

No charge for in-person withdrawals+

Money Market Investment Account

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

Minimum Balance / Requirements

$2,500 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

No charge for in-person withdrawals+

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. There is a $10 excessive transaction fee for every transaction exceeding the 6 allowed during the monthly statement period.

++ 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