Commercial Accounts

FREE CHECKING

  • Non-interest bearing
  • $100 deposit to open
  • No minimum required balance
  • No per item charge on checks
  • No transaction limitations

NOW ACCOUNT

  • $1000 deposit to open
  • $8.00 service charge per month if balance falls below required minimum balance of $1000
  • Unlimited check writing
  • Interest is compounded monthly and credited to the account monthly
  • Available to individuals and sole proprietorships only

CHEROKEE STRIP MONEY MARKET ACCOUNT

  • $10,000 deposit to open
  • $20.00 Service Charge per month if balance of account falls below $10,000
  • 6 preauthorized withdrawals each cycle
  • $20.00 fee for preauthorized withdrawals in excess of 6
  • Unlimited in-person transactions or ATM transfers
  • Interest is compounded monthly and credited to the account monthly
  • Tiered Rate Account

MMDA

  • $2,500 deposit to open
  • $8.00 service charge per month if balance falls below required minimum balance of $2,500
  • 6 preauthorized withdrawals with each cycle
  • Unlimited in-person transactions or ATM transfers
  • Interest is compounded monthly and credited to the account monthly
  • Available to individuals, partnerships and corporations

REGULAR SAVINGS

  • $100 deposit to open
  • Interest paid quarterly
  • Quarterly statements
  • 6 withdrawals allowed per month

CERTIFICATES OF DEPOSIT

  • $1,000 deposit to open
  • Interest payable monthly or at maturity
  • Interest paid to checking,  savings account or compounded to certificate of deposit
  • Single maturity or automatically renewable with a 10 day grace period
  • Substantial penalty for early withdrawal

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