Competitive Rates in a Competitive World
Compare rates from Chesapeake Bank on checking and savings accounts, certificate of deposits (CDs), and individual retirement accounts (IRAs).
Compare Certificate of Deposit (CD) rates
Rates as of 02/28/2024. Rates are subject to change without notice.
| Term | Description | Interest Rate | Annual Percentage Yield |
| 7 month | Certificate ($1,000 min.) | 4.65% | 4.75% |
| 13 month | Certificate ($1,000 min.) | 4.41% | 4.50% |
| 37 month | Certificate ($1,000 min.) | 3.25% | 3.30% |
| 30 day | Certificate ($1,000 min.) | 0.40% | 0.40% |
| 90 day | Certificate ($1,000 min.) | 0.40% | 0.40% |
| 182 day | Certificate ($1,000 min.) | 2.96% | 3.00% |
| 12 month | Certificate ($1,000 min.) | 2.72% | 2.75% |
| 18 month | Certificate ($1,000 min.) | 1.00% | 1.00% |
| 2 year | Certificate ($1,000 min.) | 1.09% | 1.10% |
| 3 year | Certificate ($1,000 min.) | 2.47% | 2.50% |
| 5 year | Certificate ($1,000 min.) | 1.045% | 1.05% |
7 month Certificate
Interest Rate
4.65%
Annual Percentage Yield
4.75%
13 month Certificate
Interest Rate
4.41%
Annual Percentage Yield
4.50%
37 month Certificate
Interest Rate
3.25%
Annual Percentage Yield
3.30%
30 day Certificate
Interest Rate
0.40%
Annual Percentage Yield
0.40%
90 day Certificate
Interest Rate
0.40%
Annual Percentage Yield
0.40%
182 day Certificate
Interest Rate
2.96%
Annual Percentage Yield
3.00%
12 month Certificate
Interest Rate
2.72%
Annual Percentage Yield
2.75%
18 month Certificate
Interest Rate
1.00%
Annual Percentage Yield
1.00%
2 year Certificate
Interest Rate
1.09%
Annual Percentage Yield
1.10%
3 year Certificate
Interest Rate
2.47%
Annual Percentage Yield
2.50%
5 year Certificate
Interest Rate
1.045%
Annual Percentage Yield
1.05%
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.
Interest-Bearing Checking Rates
Rates as of 02/28/2024. Rates are subject to change without notice.
| Description | Interest Rate | Annual Percentage Yield | Apply Online |
myChecking 2 ($2,000 & above) | 0.15% | 0.15% | Apply Now |
myChecking 3 – Tier 1 ($10,000 – $24,999) | 0.15% | 0.15% | Apply Now |
myChecking 3 – Tier 2 ($25,000 – $49,999) | 0.20% | 0.20% | Apply Now |
myChecking 3 – Tier 3 ($50,000 & above) | 0.25% | 0.25% | Apply Now |
Money Market (min to open: $1,000 Balances $5,000-$24,999) | 0.10% | 0.10% | In Branch Only |
Money Market (min to open: $1,000 Balances $25,000-$99,999) | 0.90% | 0.90% | In Branch Only |
Money Market (min to open: $1,000 Balances $100,000-$499,999) | 1.00% | 1.00% | In Branch Only |
Money Market (min to open: $1,000 Balances $500,000-$999,999) | 1.09% | 1.10% | In Branch Only |
Money Market (min to open: $1,000 Balances $1,000,000 & up) | 1.19% | 1.20% | In Branch Only |
Money Market
(min to open: $1,000 Balances $5,000-$24,999)
Interest Rate
0.10%
Annual Percentage Yield
0.10%
Money Market
(min to open: $1,000 Balances $25,000-$99,999)
Interest Rate
0.90%
Annual Percentage Yield
0.90%
Money Market
(min to open: $1,000 Balances $100,000-$499,999)
Interest Rate
1.00%
Annual Percentage Yield
1.00%
Money Market
(min to open: $1,000 Balances $500,000-$999,999)
Interest Rate
1.09%
Annual Percentage Yield
1.10%
Money Market
(min to open: $1,000 Balances $1,000,000 & up)
Interest Rate
1.19%
Annual Percentage Yield
1.20%
* Annual Percentage Yield (APY) of Money Market accounts accurate as of 7/6/2023. 1.25% APY is paid on balances greater than or equal to $1,000,000, 1.15% APY is paid on balances $500,000 to $999,999, 1.05% APY is paid on balances $100,00 to $499,999, 0.95% APY is paid on balances $25,000 to $99,999, and 0.15% APY is paid on balances $5,000 to $24,999. Rate may increase or decrease without notice. Rate will vary and may change without notice. **CD Rate effective 7/6/2023. Subject to change without notice. Substantial penalty for early withdrawal.
Savings Account Rates
Rates as of March 6, 2024. Rates are subject to change without notice.
| Description | Interest Rate | Annual Percentage Yield | Apply Online |
| Youth Savings | 0.25% | 0.25% | In Branch Only |
| Totally Free Savings | 0.25% | 0.25% | Apply Now |
| Solo Savings | 0.25% | 0.25% | Apply Now |
| Christmas Club | 0.75% | 0.75% | In Branch Only |
Compare Individual Retirement Account (IRA) rates
Rates as of 02/28/2024. Rates are subject to change without notice.
| Description | Interest Rate | Annual Percentage Yield |
IRA 1-year Fixed Rate ($100 min.) | 3.70% | 3.75% |
IRA 3-year Fixed Rate ($100 min.) | 3.21% | 3.25% |
Roth IRA 1-year Fixed Rate ($100 min.) | 3.70% | 3.75% |
Roth IRA 3-year Fixed Rate ($100 min.) | 3.21% | 3.25% |
IRA 1-year Fixed Rate ($100 min.)
Interest Rate
3.70%
Annual Percentage Yield
3.75%
IRA 3-year Fixed Rate ($100 min.)
Interest Rate
3.21%
Annual Percentage Yield
3.25%
Roth IRA 1-year Fixed Rate ($100 min.)
Interest Rate
3.70%
Annual Percentage Yield
3.75%
Roth IRA 3-year Fixed Rate ($100 min.)
Interest Rate
3.21%
Annual Percentage Yield
3.25%
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.
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