Personal Disclosure
First Cherokee State Bank Main Office
9860 Highway 92
Woodstock, GA 30088
WE ARE PLEASED TO PRESENT THE FOLLOWING PRODUCTS AT COMPETITIVE RATES. CONTACT YOUR PERSONAL BANKER FOR ADDITIONAL PRODUCTS AND SERVICES. WE APPRECIATE YOUR BUSINESS AND LOOK FORWARD TO SERVING YOU IN THE FUTURE.
FREE CHECKING
There is unlimited check writing along with no minimum daily balance required and no monthly service charge. Neither checks nor check copies will be included in your monthly statement. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, FCSB MasterMoney Debit Card, over the Internet at www.firstcherokeestate.com and with the INFOline at (770)591-2780.
Limitations: You must deposit $100.00 to open this account.
FLAT FEE CHECKING
A base service charge of $10 per Statement Cycle will be assessed on this account. There is unlimited check writing and no minimum daily balance requirement. This account will include Free Online Bill Pay and a no monthly fee Debit Card. Check images are included in the monthly statement with this account. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, FCSB MasterMoney Debit Card, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Limitations: You must deposit $100.00 to open this account.
Account Fees: Your account will be accessed a base service charge of $10.00 per month.
PLATINUM CHECKING
This account is for those who choose to have an interest checking account. Tiered interest is compounded monthly on the average daily collected balance and is credited monthly. There is no per check charge. However, to avoid a monthly service charge of $12.00, a $1000 minimum daily balance is required. Check images are included in the monthly statement with this account. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, FCSB MasterMoney Debit Card, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the average daily balance in the account as shown on the Rate Chart. There are no maximum or minimum interest rate limitations for this account and the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The average daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the average daily balance on which interest is paid.
Limitations: You must deposit $100.00 to open this account.
Account Fees: To avoid a monthly service charge of $12.00 a $1000 minimum daily balance is required.
SUPER PERSONAL INTEREST CHECKING
This account is for those who choose to have an interest checking account. Tiered interest is compounded monthly on the daily collected balance and is credited monthly. There is no per check charge. However, to avoid a monthly minimum balance fee of $12.00 a $1000 average daily balance is required. Copies of checks are included in the monthly statement with this account. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, FCSB MasterMoney Debit Card, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This is an interest-bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. There are no maximum or minimum interest rate limitations for this account and the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You must deposit $500.00 to open this account. No transaction limitations apply to this account.
Account Fees: To avoid a monthly minimum balance fee of $12.00 a $1000 average daily balance is required
GRAND CHECKING
This account is designed for customers 50+ years old who choose to have an interest checking account. Tiered interest is compounded monthly on the average daily collected balance and is credited monthly. There is unlimited check writing and wallet style standard checks are free on this account. This account also offers free one signer traveler's checks and cashier's checks; and you may receive either a 3 x 5 Safe Deposit Box free or a $15 discount off a larger size box. The monthly maintenance fee of $7.50 is waived with a minimum daily balance of $750 or with proof or sign up of Direct Deposit. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, a FCSB MasterMoney Debit Card, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the average daily balance in the account as shown on the Rate Chart. There are no maximum or minimum interest rate limitations for this account and the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The average daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the average daily balance on which interest is paid.
Limitations: You must deposit $100.00 to open this account. No transaction limitations apply to this account
Account Fees: Monthly Maintenance Fee of $7.50 will be accessed if the daily balance falls below $750 or if a monthly Direct Deposit is not received.
PERSONAL MONEY MARKET
This account is for those who choose to have a limited transaction, interest-bearing account. The minimum daily balance of $2500 is required to avoid $15.00 monthly balance fee. A total of 6 pre-authorized debit transactions are allowed each 4 week period, with no more than 3 of these by check, draft, or debit card to a 3rd party; additional debits are $10.00 each. This limitation does include both Internet and scheduled transfers. There is no limit to "in person" transfers, which also includes those by messenger, by mail or at an ATM. Tiered interest is compounded monthly on average daily collected balance and credited monthly. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM, FCSB MasterMoney Debit card, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the average daily balance in the account as shown on the Rate Chart. There are no maximum or minimum interest rate limitations for this account and the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The average daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the average daily balance on which interest is paid.
Limitations: You must deposit $100.00 to open this account. You may make six (6) transfers from your account each four (4) week period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order, made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees: $2500 required minimum daily balance to avoid $15.00 monthly balance fee. Federal regulations permit a maximum of six pre-authorized transfers per monthly statement cycle. No more than three of the transactions/checks may be payable to a third party. This does include both Internet and scheduled transfers. If you exceed this limit, there is a $10.00 per debit charge for each additional item paid during a month.
SAVINGS
Interest is compounded monthly on the average daily collected balance and credited quarterly. To avoid $4.00 per month service charge, a $100 minimum daily balance is required. A total of 6 debit transactions are allowed with no more than 3 debits by check, draft, or debit card to a 3rd party each 4 week period; additional debits are $10.00 each. This limitation does include both Internet and scheduled transfers (ACH). However, there are unlimited "in person" transactions. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. This account can also be accessed by ATM when attached to a checking account, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at anytime. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account quarterly.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Limitations: You must deposit $100.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees: $100 daily balance to avoid a $4.00 per month service charge. All pre-authorized debits made over 6 in a one month period will be charged $10.00 per debit. No more than 3 may be by 3rd party. This includes both the Internet and scheduled transfers.
FIRST SAVINGS
This account is for minor children only. Interest is compounded monthly and credited quarterly. No monthly service charge. A total of 6 debit transactions allowed per month with no more than 3 debits by check or draft to a 3rd party. This limitation does include Internet and scheduled transfers (ACH). Additional debits are $10.00 each. However, there are unlimited "in person" transactions. Attached is a list of our Miscellaneous Fees and Services that could be charged to the account if or when applicable. Account can also be accessed by ATM when attached to a checking account, over the Internet at www.firstcherokeestate.com and with the INFOline at 770-591-2780.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. At our discretion, we may change the interest rate on the account at anytime. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account quarterly.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Limitations: You must deposit $5.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. Account Fees: All pre-authorized debits over 6 in a one month period will be charged $10.00 per debit. No more than 3 may be by 3rd party. This includes both the Internet and scheduled transfers.
Certificate of Deposit (07 DAYS)
Simple interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 7 days. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded at maturity.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature in 7 days. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. We will impose a penalty if you withdraw any of the funds before the maturity date. The penalty imposed will equal all of the interest earned during the term. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew. You will have 2 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (30 DAYS)
Simple interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 30 DAYS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded at maturity.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account until the maturity date.
Time Account Information: Your account will mature in a 30 days. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of all the interest earned during the term. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (60 DAYS)
Simple interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 60 DAYS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded at maturity.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information. Your account will mature in 60 days. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of all the interest earned during the term. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (91 DAYS)
Simple interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 91 DAYS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded at maturity.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature 91 days. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of three months' interest on the amount withdrawn. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (182 DAYS)
Simple interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 182 DAYS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded at maturity.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature in 182 days. We reserve the right to redeem the account if you each agree that we may (without prior notice and when permitted by law) off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) It is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of three months' interest on the account. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (12 MONTHS)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 12 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits into this account.
Time Account Information: Your account will mature in 12 months. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the funds before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (18 MONTHS)
This certificate has the option of changing the rate one time during the initial term. The conversion rate will be First Cherokee State Bank’s rate in effect for CD’s of the same maturity on the date that the conversion option is exercised.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 18 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature in 18 months. We reserve the right to redeem the (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest compounds monthly and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (24 MONTHS)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 24 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits into this account.
Time Account Information: Your account will mature in 24 months. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the principal before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest compounds monthly and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (36 MONTHS)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 36 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature in 48 months. We reserve the right to redeem the (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the funds before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest compounds monthly and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (48 MONTHS)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 48 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits into this account.
Time Account Information: Your account will mature in 48 months. We reserve the right to redeem the (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set oft a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the funds before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest compounds monthly and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
Certificate of Deposit (60 MONTHS)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 60 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the average daily balance method to calculate the interest on the account. This method applies a periodic rate to the average daily balance in the account for the period.
Limitations: You must deposit $500.00 to open this account. You may not make additional deposits or withdrawals into this account.
Time Account Information: Your account will mature in 60 MONTHS. We reserve the right to redeem the account (without prior notice and when permitted by law) to off set the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we off set, including any balance the due date for which we properly accelerate under the note. This right of off set does not apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we off set a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of off set. If you withdraw any of the funds before the maturity date we may impose a penalty of six months' interest on the account. The annual percentage yield assumes interest compounds monthly and will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have 10 CALENDAR DAYS after the maturity date to withdraw funds without penalty.
IRA (182 DAYS)
Simple Interest.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 182 DAYS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate at maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your account will mature in 182 days. If you withdraw any of the principal before the maturity date we may impose a penalty equal to three months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
IRA (12 MONTH)
Interest compounded monthly.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 12 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 12 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
IRA (18 MONTH)
(Interest compounded monthly)
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 18 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 18 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
IRA (24 MONTH)
(Interest compounded monthly)
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 24 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 24 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
IRA (36 MONTH)
(Interest compounded monthly)
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 36 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 36 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
IRA (48 MONTH)
This certificate has the option of changing the rate one time during the initial term. The conversion rate will be First Cherokee State Bank’s rate in effect for CD’s of the same maturity on the date that the conversion option is exercised.
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 48 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 48 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty. The rate increase or “Bump Rate” feature on this certificate expires on the initial maturity date of the CD and does not apply to renewals.
IRA (60 MONTH)
(Interest compounded monthly)
Rate Information: This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 60 MONTHS. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded and added back to the certificate monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid to you by check, this may reduce earnings and may negate the effect of interest compounding.
Balance Information: You must deposit $500.00 to open this account. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
Limitations: You may not make additional deposits into or withdrawals from this account until the maturity date. Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your tax advisor for additional information.
Time Account Information: Your certificate will mature in 60 months. If you withdraw any of the principal before the maturity date we may impose a penalty equal to six months' interest on the account. This account will automatically renew at maturity. You will have a grace period of 10 CALENDAR DAYS after the maturity date to withdraw funds without being subject to an early withdrawal penalty.
Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
