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Savings and CDs

A Better Path Towards Tomorrow

No one knows what the future will hold, but you can be financially prepared for whatever tomorrow brings. Cherokee State Bank offers numerous ways to save for short-term and long-term goals.

The savings accounts and CDs we offer allow you to diversify your savings between easily accessible funds and money meant to last throughout retirement.


Savings Accounts Available

Regular Savings

  • $50 opening deposit
  • Interest credited semiannually
  • Limit of six (6) transfers or withdrawals per month by pre-authorized, automatic, online, telephone, with no transfer by check, draft, debit card or similar order to third parties.
  • An activity fee of $1.00 plus tax will be charged for each debit transaction (withdrawal, automatic transfer, or payment out of this account) in excess of four during a business month.

Investor Savings

  • $25,000 opening deposit
  • Interest credited semiannually
  • Limit of four (4) transfers or withdrawals per month by pre-authorized, automatic, online, telephone, with no transfer by check, draft, debit card or similar order to third parties.
  • An activity fee of $5.00 plus tax will be charged for each debit transaction (withdrawal, automatic transfer, or payment out of this account) in excess of four during a business month. A deposit item fee of $0.10* will be charged for each deposit item in excess of 30 during a business month.

Money Market Account

  • $50 opening deposit
  • Interest credited monthly
  • *Limit of six (6) transfers or withdrawals per month by pre-authorized, automatic, online, telephone, check, draft, debit card or similar order to third parties. This account cannot be accessed by a debit card If you exceed the transaction limitation, you will be charged an acidity fee of $10.00 plus tax for each transaction in excess of the limitation. A deposit item fee of $0.10 will be charged for each deposit item in excess of 30 during a monthly statement cycle.

Open a Savings Account Today!


CDs (Certificates of Deposit)

We like to think of CDs as a solid investment that can provide you with the stability you need.

Investing in CDs is always a safe bet. FDIC insurance and fixed rates ensure that you get a guaranteed return on your investment so you can afford to invest in other ways if you choose. We offer a wide selection of CDs from three months to 60 months in length with competitive rates along with CD specials.  Contact us or come by to learn more about specific terms and other details.

  • No maintenance fees
  • Terms from 30 days to 5 years
  • Penalties apply for early withdrawal
  • Minimum balances for CDS vary based on the term of the certificate. *
  • Automatic renewal**

*Excludes promotional CDs
**Renews at interest rate in effect at time of maturity. CD customers have ten days to redeem before it is automatically locked in for the remainder of the new term.

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