Checking  |  Savings  |  ATM/Debit Cards  |  CD & IRA's  |  Loans

Checking Accounts

Regular Checking
Minimum deposit to open - $50.00
No monthly service charge

Summit Club Account
Minimum deposit to open - $50.00
No minimum balance requirement
Monthly service charge $6.50
· Includes free club account checks
· No fee for purchase of cashier’s checks
· Accidental life insurance coverage
$10,000 – basic

N.O.W. Account
Minimum deposit to open - $1,000.00
Minimum balance to avoid service charge - $1,000.00
Monthly service charge of $8.00 if balance falls below $1,000.00
Interest Rate – Variable

Super N.O.W. Account
Minimum deposit to open - $2,500.00 
Minimum balance to avoid service charge - $2,500.00
Monthly service charge of $10.00 if balance falls below $2,500.00
Variable interest rates tiered according to balance maintained 
0 – 9,999.99 
10,000 – 24,999.99
25,000 – 49,999.99
50,000 – 99,999.99
100,000 & Over 

Student Checking Account
Minimum deposit to open $50.00
No monthly service charge
Free Student Checking checks 

Senior Citizens Checking Account
Minimum deposit to open - $50.00
No monthly service charge
Free Senior Citizens checks

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Savings Accounts

Money Market Account
Minimum deposit to open - $1,500.00
Minimum balance to avoid service charge - $1,500.00
Monthly service charge of $10.00 if balance falls below $1,500.00
Limited transactions
Interest Rate - Variable

Savings Account
Minimum deposit to open - $50.00
Minimum balance to avoid service charge - $50.00
Quarterly service charge of $5.00 if balance falls below $50.00
$1.00 charge per withdrawal over 6 per quarter
Interest Rate – Variable

Student Savings Account
Minimum deposit to open - $50.00
No minimum balance service charge for students up to age 22
$1.00 charge per withdrawal over 6 per quarter
Interest Rate – Variable

Christmas Club Savings Account
Minimum deposit to open - $10.00
Service charge of $5.00 for early withdrawal
Checks issued October 31 of each year
Interest Rate – Variable

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ATM / Debit Cards

Cheaha Bank offers the convenience of an Automated Teller Machine at all of our locations. The ATM/Debit cards we offer allow you access to cash as well as to make purchases without writing checks. We are linked to major networks, which provide you with local, national and international access to your accounts.

Please contact us for more information at (256) 835-8855 or stop by any Cheaha Bank location to apply for your ATM/Debit card today.

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CD’s & IRA’s
 
Minimum deposit to open - $500.00
Interest rate depends on terms
Interest compounded annually

CD's
Cheaha Bank offers competitive interest rates on our Certificates of Deposit. You may choose from varying terms up to five (5) years, with a minimum deposit of $500.00. Interest Rates and Annual Percentage Yields vary depending on the term you choose. You may also choose how you want your interest paid, whether by check, deposited to another deposit account or capitalized. *Substantial Penalty for Early Withdrawal

Please call our New Accounts Representative at (256) 835-8855 for more information and current interest rates or come by any Cheaha Bank location today.

IRA's
Cheaha Bank realizes the importance of preparing for future financial stability. To help you prepare for those needs, we offer competitive interest rates on our Individual Retirement Accounts (IRAs). We offer Traditional, Roth and Educational IRAs as well as Self-Employment Plans. Your tax advisor can help you decide which IRA is right for you. * Substantial Penalty for Early Withdrawal

Please call our New Accounts Representative at (256) 835-8855 who will answer any questions you may have concerning an IRA or come by any Cheaha Bank location today.

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Loans

Personal Loans
Cheaha Bank offers competitive rates for your personal loan needs. Since we are locally owned and operated, we have a sincere interest in our local community. We have loan officers available who can give you prompt and courteous answers to your loan needs since all loan decisions are made here at our local bank office.

Please call us at (256) 835-8855 or come by any Cheaha Bank location today for current interest rates and loan information.

Real Estate Loans
Cheaha Bank has a sincere interest in the local community since we are a local, home- owned community bank. Whether you are new to the area or have lived here a long while, we are anxious to assist you with your real estate loan needs. We offer home purchase loans, construction loans, home improvement loans and home equity loans. We have loan officers available who can give you prompt and courteous answers since all loan decisions are made here at our local bank office.

Please call us at (256) 835-8855 or come by any Cheaha Bank location today for interest rates and loan information.

Residential Mortgage Loans
Cheaha Bank offers a variety of mortgage products with competitive and long term financing.

Please contact our Mortgage Loan Officer at (256) 237-8000.

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1320 Highway Drive Oxford, Alabama 36203   Phone: (256) 835-8855   Fax: (256) 835-1026