Official App
Free – Google Play
Get it

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 APY Minimum Opening Balance Minimum Balance to Earn APY
Statement Savings 0.10% $300.00 N/A

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.


Certificates of Deposit Rates

Account Type APY Minimum
Balance To Earn APY
Minimum Opening Balance
4-Month CD† 0.50% $5,000.00 $5,000.00
6-Month CD† 0.70% $2,500.00 $2,500.00
9-Month CD† 0.30% $2,500.00 $2,500.00
12-Month CD† 0.80% $500.00 $500.00
13-Month CD†** 1.60% $500.00 $500.00
18-Month CD† 0.75% $500.00 $500.00
18-Month IRA CD† (additional deposits allowed) 0.75% $10.00 $100.00
24-Month CD† 0.90% $500.00 $500.00
30-Month CD†* 1.00% $500.00 $500.00
36-Month CD† 1.25% $500.00 $500.00
48-Month CD† 1.50% $500.00 $500.00
60-Month CD† 1.75% $500.00 $500.00

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 Rate Increase Over Term – Customer must notify branch when rate increase is desired one time during term. Only on accounts opened prior to 6-10-16.

**One-Time penalty-free option reinstated on the 13 Month CD, effective 8/4/17. The penalty-free option applies only after the first 7 days the CD is open.