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BankCherokee Rates & Review May 2026

Q: How many branches does BankCherokee operate?

BankCherokee currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, BankCherokee does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, BankCherokee provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 30, 2026

You can compare BankCherokee rates to other rates in our database, including 12-month CD rates currently at 2.00%, 6-month CD rates at 0.75% and 3-month CD rates at 1.00%. Savings rates are at 0.05% and money market rates are at 1.00%. Mortgage rates on 30-year fixed loans are around 6.27%. All these rates can be compared to BankCherokee rates. MonitorBankRates evaluates the financial stability of BankCherokee with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.12%. Rates were last updated on 05/30/2026.

BankCherokee money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at BankCherokee? Share your experience about BankCherokee by leaving a review below, or read customer reviews before you decide to use BankCherokee.

Verified Strong Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.12%

Excellent Lower than avg

BankCherokee

607 Smith Ave S
Saint Paul, MN 55107

http://www.bankcherokee.com

BankCherokee Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
HELOC	-	-	5.25%
Details Intro rate expires: 9 Months Last Updated 05/15/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.12%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for BankCherokee is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather BankCherokee rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with BankCherokee's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name BankCherokee

Bank Holding Company CHEROKEE BANCSHARES INC

Address 607 Smith Ave S, Saint Paul, MN 55107 · Ramsey

Website https://www.bankcherokee.com

FDIC Certificate # 8537

Established 01/15/1908

FDIC Insurance Date 01/01/1934

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

1.12%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.3934%

Return on Equity (ROE) 6.6400%

Non-Performing Loans (NPL) 0.06%

Total Assets $408,209,000

Total Deposits $337,820,000

Equity Capital $33,439,000

Net Income $2,717,000

Headquarters Saint Paul

Total Offices 3

Source: FDIC | Last Updated 12/31/2025

2026 MBR Health & Safety Badge

BankCherokee earned the Verified Strong badge

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Customer Reviews

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Frequently Asked Questions About BankCherokee

How many branches does BankCherokee operate?

BankCherokee currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, BankCherokee does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, BankCherokee provides members with tools to manage their accounts and build a solid financial history.

Does BankCherokee offer online and mobile banking?

Most modern institutions like BankCherokee provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bankcherokee.com.