First Cherokee State Bank

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Money Market Accounts

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  • No minimum to open account
  • Earns interest regardless of balance.
  • Interest is compounded monthly on daily collected balance.
  • A $15 monthly fee may be avoided by maintaining an average collected balance of $2,500.
  • Preauthorized, automatic, or telephone transfers from this account to another are limited by federal regulation to 6 per monthly statement period. No more than 3 of the 6 transfers may be by check, draft or similar order to third parties. For each additional withdrawal or transfer excluding transactions by ATM, by messenger, by mail and in-person, a $10 excessive withdrawal fee will be imposed. When applying these limits, First Cherokee State Bank uses the date paid.
  • $.25 per item deposited over 100.

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