View Rates
This page reflects up-to-date interest rates for the various accounts and products offered by Community Bank of the Chesapeake. If you have questions, stop by your nearest branch or give us a call at 888-745-2265.
Business Savings Accounts Rates
| Account Type |
Interest Rate |
APY |
Minimum Opening Balance |
Minimum Balance to Earn APY |
| Statement Savings |
0.25% |
0.25% |
$300.00 |
$.01 |
Accurate as of Wednesday, March 22, 2023
APY means annual percentage yield. The interest rate and annual percentage yield (APY) may be changed at our discretion at any time after the account is opened.
Certificate of Deposit Rates
| Account Type |
Interest Rate |
APY |
Minimum Opening Balance |
Minimum Balance to Earn APY |
| 4-Month CD† |
1.24% |
1.25% |
$5,000.00 |
$5,000.00 |
| 6-Month CD† |
1.24% |
1.24% |
$2,500.00 |
$2,500.00 |
| 9-Month CD† |
3.25% |
3.26% |
$2,500.00 |
$2,500.00 |
| 12-Month CD† |
2.71% |
2.75% |
$500.00 |
$500.00 |
| 13-Month CD†* |
2.23% |
2.25% |
$500.00 |
$500.00 |
| 16 Month Choice CD† (short term) |
4.25% |
4.34% |
$500.00 |
$500.00 |
| 18-Month CD† |
2.71% |
2.75% |
$500.00 |
$500.00 |
| 18-Month IRA CD† (additional deposits allowed)** |
2.71% |
2.75% |
$10.00 |
$100.00 |
| 24-Month CD† |
2.96% |
3.00% |
$500.00 |
$500.00 |
| 30-Month CD† |
2.96% |
3.00% |
$500.00 |
$500.00 |
| 36-Month CD† |
3.20% |
3.25% |
$500.00 |
$500.00 |
| 48-Month CD† |
1.98% |
2.00% |
$500.00 |
$500.00 |
| 60-Month CD† |
1.98% |
2.00% |
$500.00 |
$500.00 |
Accurate as of Wednesday, March 22, 2023
APY means annual percentage yield.
Fees imposed on these accounts may reduce the earnings.
There is a substantial penalty for early withdrawal.
†You may invest the funds for your IRA in any of the accounts listed above.
*One-Time penalty-free option applies only after the first 7 days the CD is open.
**Additional deposits to this IRA CD are allowed at any time.