Business Savings
Give your business a solid foundation.
The right accounts are an asset to your business. And the right banker will work with you to meet your particular business needs with a high level of personal service and the convenience of state-of-the-art technology. Whether you’re a sole proprietor or mid-sized business, a community group, or a non-profit organization, BankCherokee offers checking & savings accounts to help you more efficiently manage your day-to-day cash flow.
Business Money Market
This account offers higher rates while maintaining liquidity.
Benefits
- Rates tiered for higher balances
- 6 free withdrawals per month*
- Monthly Statement
- Check Access Available
Minimum Balance / Requirements
$10,000 daily balance
Monthly Maintenance Charge
None, or $10 per month if balance falls below minimum
Activity Charges
6 free withdrawals per month $10 for each additional withdrawal per month*
Business Savings
An excellent, basic savings plan for businesses.
Benefits
- Variable interest rate
- Easy cash access
Minimum Balance / Requirements
$500 daily balance
Monthly Maintenance Charge
None, or $5 per month if balance falls below minimum
Activity Charges
6 free withdrawals per month, 25¢ for each additional withdrawal per month*
ICS / CDARS
With ICS and CDARS, you can enjoy the peace of mind that comes with access to multi-million-dollar FDIC insurance and can choose the service or combination of services that best meets your needs for returns and access to funds. Now that’s smart.
* Federal regulations limit transfers to another account or to third parties by preauthorized, automatic, or telephone transfers to six per month with no more than three by check, debit card or similar order to third parties.