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Grab a chair and let’s chat about Chesapeake Bank’s rates, shall we? We have checking and savings accounts, CDs, and IRAs for you to explore. All yields shown are Annual Percentage Yields (APY). Fees may reduce earnings.
Chesapeake Bank Rates
APY = Annual Percentage Yield. Rates as of May 27, 2026. Rates are subject to change without notice.
Checking Accounts
| Account Type | Balance | Interest Rate | APY |
|---|---|---|---|
| Prosper Tier 1-3 |
$5,000 - $49,999 | 0.10% | 0.10% |
| Prosper Tier 4 |
$50,000+ (minimum balance) |
0.15% | 0.15% |
| Money Market Tier 1 |
$5,000 - $24,999 | 0.05% | 0.05% |
| Money Market Tier 2 |
$25,000 - $99,999 | 0.60% | 0.60% |
| Money Market Tier 3 |
$100,000 - $499,999 | 0.70% | 0.70% |
| Money Market Tier 4 |
$500,000 - $999,999 | 0.80% | 0.80% |
| Money Market Tier 5 |
$1,000,000+ | 0.85% | 0.85% |
Prosper Terms:
- Tiered rates, rate paid on entire balance.
- $10.00 fee if balance falls below $5,000.00.
Consumer Money Market Terms: Tiered rates, rate paid on entire balance. Note: Money Market Accounts must apply in branch only.
Savings Accounts
| Account Type | Balance | Interest Rate | APY |
|---|---|---|---|
| Clear Sky Savings Tier 1 | $1 - $99,999 | 2.29% | 2.31% |
| Clear Sky Savings Tier 2 |
$100,000 - $249,999 | 2.62% | 2.65% |
| Clear Sky Savings Tier 3 |
$250,000+ | 3.05% | 3.10% |
| Totally Free Savings | $100 minimum | 0.10% | 0.10% |
| Christmas Club | N/A | 0.50% | 0.50% |
Clear Sky Savings Terms: Tiered rates, rate paid on entire balance.
Note: Available for personal consumer accounts only, may change at any time based on market conditions and business needs.
Certificates of Deposit (CDs)
| Term | Description | Interest Rate | APY |
|---|---|---|---|
| 7 monthSPECIAL | Certificate ($1,000 minimum balance) |
3.25% | 3.30% |
| 13 monthSPECIAL | Certificate ($1,000 minimum balance) |
3.69% | 3.75% |
| 37 monthSPECIAL | Certificate ($1,000 minimum balance) |
3.06% | 3.10% |
| 30 day | Certificate ($1,000 minimum balance) |
0.50% | 0.50% |
| 90 day | Certificate ($1,000 minimum balance) |
0.50% | 0.50% |
| 182 day | Certificate ($1,000 minimum balance) |
2.52% | 2.55% |
| 1 year | Certificate ($1,000 minimum balance) |
2.96% | 3.00% |
| 18 month | Certificate ($1,000 minimum balance) |
1.79% | 1.80% |
| 2 year | Certificate ($1,000 minimum balance) |
1.09% | 1.10% |
| 3 year | Certificate ($1,000 minimum balance) |
2.13% | 2.15% |
| 5 year | Certificate ($1,000 minimum balance) |
2.72% | 2.75% |
CD Terms:
- There may be a penalty for early withdrawal.
- No additional deposits until maturity.
- Account will automatically renew within 10 calendar days of maturity.
- Each automatic renewal term will be set to the current market value.
Business Accounts
| Account Type | Balance | Interest Rate | APY |
|---|---|---|---|
| Premium Business | $20,000+ | 0.10% | 0.10% |
| Commercial Money Market Tier 1 |
$0 - $24,999 | 0.05% | 0.05% |
| Commercial Money Market Tier 2 |
$25,000 - $99,999 | 0.50% | 0.50% |
| Commercial Money Market Tier 3 |
$100,000 - $499,999 | 0.60% | 0.60% |
| Commercial Money Market Tier 4 |
$500,000 - $999,999 | 0.70% | 0.70% |
| Commercial Money Market Tier 5 |
$1,000,000+ | 0.80% | 0.80% |
| My Community | $10,000+ | 0.10% | 0.10% |
| Trust/Estate Checking
Tier 1-3 |
$5,000 - $49,999 | 0.10% | 0.10% |
| Trust/Estate Checking
Tier 4 |
$50,000+ | 0.15% | 0.15% |
Premium Business Terms:
- Maintain a balance of $20,000 to earn interest rate.
- $15.00 fee if balance falls below $20,000.
Commercial Money Market Terms: Tiered rates, rate paid on entire balance.
My Community Terms: Maintain a balance of $10,000.00 to earn interest rate.
Trust/Estate Checking Terms:
- Tiered rate, rate paid on entire balance.
- $10.00 Service Charge fee if balance falls below $5,000.000.
Individual Retirement Accounts (IRAs)
| Account Type | Term | Interest Rate | APY |
|---|---|---|---|
| Traditional IRA | 1 year ($100 minimum) | 2.97% | 3.00% |
| Traditional IRA | 3 year ($100 minimum) | 2.13% | 2.15% |
| Roth IRA | 1 year ($100 minimum) | 2.97% | 3.00% |
| Roth IRA | 3 year ($100 minimum) | 2.13% | 2.15% |
IRA Terms:
- There may be a penalty for early withdrawal.
- Account will automatically renew within 10 calendar days of maturity.
- Each automatic renewal term will be set to the current market value.
*Fees may reduce earnings, as applicable per: https://www.ecfr.gov
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