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Clear Sky Savings Special

At a Glance: Clear Sky Savings is a tiered personal savings account from Chesapeake Bank. The interest rate and annual percentage yield rise as your balance moves through three tiers, beginning at $1. A $1.00 minimum daily balance earns the disclosed annual percentage yield. Current rates and full Truth-in-Savings disclosures are listed on this page.

Clear Sky Savings Rates by Balance Tier

Clear Sky Savings pays a higher rate as your balance grows, across three balance tiers. The rate that applies is based on your balance, and a minimum daily balance of $1.00 earns the disclosed annual percentage yield.

Balance Tier	Minimum Balance	Interest Rate	Annual Percentage Yield (APY)
Tier 1	$1 – $99,999	2.29%	2.31%
Tier 2	$100,000 – $249,999	2.62%	2.65%
Tier 3	$250,000 & up	3.05%	3.10%

Clear Sky Savings Specials are available for personal accounts only. Interest rates and account terms may change at any time based on market conditions. See the Truth-In-Savings Disclosures below for full terms.

Need a banking partner – not just another provider? Chesapeake Bank is proudly independent and community‑focused, offering our Clear Sky Savings Specials for personal accounts only, with competitive rates and simple terms.

🏦 High‑Yield Earnings – Earn a promotional rate built to help your savings grow faster.

📈 No Long-Term Commitment – Maintain access to your funds anytime.

💳 Easy Transfers – Move money seamlessly from your checking, mobile app, or ATM.

*Available for personal consumer accounts only. Business accounts are not eligible.
Interest rates and account terms may change at any time based on market conditions.

Ready to get started?

Prefer to open your personal savings account in person or have questions? Fill out the form and a local banker will reach out.

How It Works

How Tiered Savings Interest Is Calculated

Open a Clear Sky Savings account. Available for personal accounts only.
Your balance sets your tier. The three tiers start at $1, $100,000, and $250,000.
Keep at least $1.00 in the account each day to earn the disclosed annual percentage yield.
Your rate moves with your balance. As the balance crosses into a higher tier, the higher rate applies.

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Clear Sky Savings Compared With Chesapeake Bank's Other Savings Accounts

Chesapeake Bank offers several personal savings options. Clear Sky Savings is the tiered, online-only account; the others suit different goals.

Account	Minimum to Open	How Interest Works	Best Suited For
Clear Sky Savings	—	Tiered by balance, three tiers	Larger balances kept online
Totally-Free Savings	$100	Earns interest at $100 balance	Everyday saving with no fees
Money Market Savings	$1,000	Earns interest above $5,000	Higher balances with check access
Christmas Club	$10	Earns interest at $10 balance	Saving toward a specific date

Compare all personal savings accounts, or talk to a branch about which fits your situation.

Truth-In-Savings Disclosures

Rate Information. At our discretion, we may change the interest rate(s) for this account. The initial rate(s) for your account beginning May 19, 2026 are:
– If your daily balance is $1.00 or more, but less than or equal to $99,999, the interest rate paid on the entire balance in your account will be 2.28% with a(n) annual percentage yield of 2.30%.
– If your daily balance is $100,000 – $249,999, the interest rate paid on the entire balance in your account will be 2.62% with a(n) annual percentage yield of 2.65%.
– If your daily balance is $250,000.00 or more, the interest rate paid on the entire balance in your account will be 3.05% with a(n) annual percentage yield of 3.10%.
The interest rate(s) and annual percentage yield(s) may change at any time.
Minimum Balance to Obtain the Disclosed Annual Percentage Yield. You must maintain a minimum daily balance of $1.00 in your account each day to obtain the disclosed annual percentage yield.
Fees and Charges. Fees could reduce earnings on this account. Please refer to the separate Fee Schedule provided to you with this disclosure for information about fees and charges associated with this account. A Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.

FAQs - Frequently Asked Questions

Q: How does a tiered savings account work?

A: A tiered savings account pays a different rate depending on your balance. Clear Sky Savings has three tiers: $1 to $99,999, $100,000 to $249,999, and $250,000 and up. As your balance crosses into a higher tier, the rate increases.

Q: What balance do I need to earn interest on Clear Sky Savings?

A: You must maintain a minimum daily balance of $1.00 in the account each day to obtain the disclosed annual percentage yield. Current rates for each balance tier are listed in the rate table on this page.

Q: Is Clear Sky Savings available for business accounts?

A: No. Clear Sky Savings Specials are for personal accounts only. Chesapeake Bank offers separate business deposit accounts, including Commercial Money Market, which pays tiered interest for business customers. Ask a branch which fits your situation.