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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.
Chesapeake Bank Rates
Rates as of April 1, 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% |
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 | $1 - $249,999 | 2.28% | 2.30% |
| Clear Sky Savings |
$250,000+ | 2.91% | 2.95% |
| Totally Free Savings | $100 minimum | 0.10% | 0.10% |
| Christmas Club | N/A | 0.50% | 0.50% |
Note: Clear Sky Savings account terms and interest rates may change at any time based on market conditions and business needs. New rates effective April 1, 2026.
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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