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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.
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Chesapeake Bank Rates
Rates as of November 17, 2025. 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% |
Note: Both Prosper and Money Market tiers have an interest rate that is a split rate; interest is tiered based on the balance threshold. Money Market Accounts must apply in branch only.
Savings Accounts
| Account Type | Balance | Interest Rate | APY |
|---|---|---|---|
| Clear Sky Savings Tier 1 |
$0 - $249,999 | 0.10% | 0.10% |
| Clear Sky Savings Tier 2 |
$250,000+ | 2.28% | 2.30% |
| Totally Free Savings | $100 minimum | 0.10% | 0.10% |
| Christmas Club | N/A | 0.50% | 0.50% |
Note: Both Clear Sky Savings tiers have an interest rate that is a split rate; interest is tiered based on the balance threshold.
Certificates of Deposit (CDs)
| Term | Description | Interest Rate | APY |
|---|---|---|---|
| 7 monthSPECIAL | Certificate ($1,000 minimum balance) |
3.45% | 3.51% |
| 13 monthSPECIAL | Certificate ($1,000 minimum balance) |
3.25% | 3.30% |
| 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% |
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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