What are the current interest rates at Chesapeake Bank?

Current rates for Chesapeake Bank include: 12-Month CD: 3.75%, 18-Month CD: 4.00%, 24-Month CD: 3.90%, 36-Month CD: 2.15%, 60-Month CD: 2.75%, Savings: 3.10%, MMA: 0.85%

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Chesapeake Bank Rates & Review October 2026

Q: How many branches does Chesapeake Bank operate?

Chesapeake Bank currently maintains approximately 19 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Chesapeake Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Chesapeake Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 14, 2026

Chesapeake Bank's top rates as of October 14, 2026 are 4.00% APY on its 18-Month Certificate of Deposit, 3.10% APY on savings, 0.85% APY on money market accounts, and 0.15% APY on checking, according to rates verified by MonitorBankRates. Other Chesapeake Bank CD rates include 2 Year Certificate of Deposit at 3.90%, 13-Month Certificate of Deposit at 3.75%, and Certificates of Deposit (CDs) - 13-Month SPECIAL at 3.75%. MonitorBankRates evaluates the financial stability of Chesapeake Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.45%. Rates last updated and verified on 10/14/2026.

Chesapeake Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Chesapeake Bank? Share your experience about Chesapeake Bank by leaving a review below, or read customer reviews before you decide to use Chesapeake Bank.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.45%

Excellent Lower than avg

Health Trend

Improving 12 quarters

Full history ›

Chesapeake Bank

97 N Main St
Kilmarnock, VA 22482

https://www.ches.bank

Customer Reviews

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Chesapeake Bank CD Rates

Product	Rate	APY	Term
18 Month Certificate of Deposit	3.93%	4.00%	18 month
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 4.00% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
2 Year Certificate of Deposit	3.83%	3.90%	2 year
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.90% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
13 Month Certificate of Deposit	3.69%	3.75%	13 month
Min Balance $1,000 Details SPECIAL; Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.75% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Certificates of Deposit (CDs) - 13 Month SPECIAL	3.69%	3.75%	13 month
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.75% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
37 Month Certificate of Deposit	3.54%	3.60%	37 month
Min Balance $1,000 Details SPECIAL; Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.60% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Certificates of Deposit (CDs) - 37 Month SPECIAL	3.54%	3.60%	37 month
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.60% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
7 Month Certificate of Deposit	3.35%	3.40%	7 month
Min Balance $1,000 Details SPECIAL; Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.40% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Certificates of Deposit (CDs) - 7 Month SPECIAL	3.35%	3.40%	7 month
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 3.40% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
5 Year Certificate of Deposit	2.72%	2.75%	5 year
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 2.75% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
182 Day Certificate of Deposit	2.52%	2.55%	182 day
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 2.55% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
3 Year Certificate of Deposit	2.13%	2.15%	3 year
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 2.15% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
30 Day Certificate of Deposit	0.50%	0.50%	30 day
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 0.50% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
90 Day Certificate of Deposit	0.50%	0.50%	90 day
Min Balance $1,000 Details Certificate ($1,000 minimum balance) Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 0.50% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Chesapeake Bank Savings Rates

Product	Rate	APY
Clear Sky Savings	3.05%	3.10%
Min Balance $250,000 Details Balance: $250,000+; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 3.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Clear Sky Savings	2.62%	2.65%
Min Balance $100,000 Details Balance: $100,000 - $249,999; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 2.65% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Clear Sky Savings	2.29%	2.31%
Min Balance $1 Details Balance: $1 - $99,999; Tiered rates, rate paid on entire balance; Available for personal consumer accounts only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 2.31% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Christmas Club	0.50%	0.50%
Min Deposit $10 Min Balance $1 Details Balance: $1.00 minimum; Minimum to open is $10.00; Withdrawals may not be taken until the maturity date; Deposit must be made by automatic debit from your checking account Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 0.50% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Totally Free Savings	0.10%	0.10%
Min Balance $100 Details Balance: $100 minimum Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 0.10% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Chesapeake Bank Money Market Rates

Product	Rate	APY
Money Market	0.85%	0.85%
Min Balance $1,000,000 Details Balance: $1,000,000+; Tiered rates, rate paid on entire balance; In-Branch Only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.85% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Money Market	0.80%	0.80%
Min Balance $500,000 Details Balance: $500,000 - $999,999; Tiered rates, rate paid on entire balance; In-Branch Only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.80% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Money Market	0.70%	0.70%
Min Balance $100,000 Details Balance: $100,000 - $499,999; Tiered rates, rate paid on entire balance; In-Branch Only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.70% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Money Market	0.60%	0.60%
Min Balance $25,000 Details Balance: $25,000 - $99,999; Tiered rates, rate paid on entire balance; In-Branch Only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.60% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Money Market	0.05%	0.05%
Min Balance $5,000 Details Balance: $5,000 - $24,999; Tiered rates, rate paid on entire balance; In-Branch Only Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.05% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Chesapeake Bank Business Money Market Rates

Product	Rate	APY
Commercial Money Market	0.80%	0.80%
Min Balance $1,000,000 Details Balance: $1,000,000+ Last Updated 10/14/2026 Rate History No change since Sep 18, 2026 · 0.80% APY · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Commercial Money Market	0.70%	0.70%
Min Balance $500,000 Details Balance: $500,000 - $999,999 Last Updated 10/14/2026 Rate History No change since Sep 24, 2026 · 0.70% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Commercial Money Market	0.60%	0.60%
Min Balance $100,000 Details Balance: $100,000 - $499,999 Last Updated 10/14/2026 Rate History No change since Sep 24, 2026 · 0.60% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Commercial Money Market	0.50%	0.50%
Min Balance $25,000 Details Balance: $25,000 - $99,999 Last Updated 10/14/2026 Rate History No change since Sep 24, 2026 · 0.50% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Commercial Money Market	0.05%	0.05%
Min Balance $0 Details Balance: $0 - $24,999 Last Updated 10/14/2026 Rate History No change since Sep 24, 2026 · 0.05% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Chesapeake Bank Checking Rates

Product	Rate	APY
Trust/Estate Checking	0.15%	0.15%
Min Balance $50,000 Details Balance: $50,000+ Last Updated 10/14/2026 Rate History No change since Sep 18, 2026 · 0.15% APY · checked 8 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Trust/Estate Checking Tier 1-3	0.10%	0.10%
Min Balance $5,000 Details Balance: $5,000 - $49,999 Last Updated 10/14/2026 Rate History No change since Oct 14, 2026 · 0.10% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Chesapeake Bank Other Rates

Product	Rate	Points	APY/APR	Term
My Community	0.10%	-	0.10%
Min Balance $10,000 Details Balance: $10,000+ Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 0.10% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Premium Business	0.10%	-	0.10%
Min Balance $20,000 Details Balance: $20,000+ Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 0.10% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Prosper	0.15%	-	0.15%
Min Balance $50,000 Details Balance: $50,000+ (minimum balance); Tiered rates, rate paid on entire balance; $10.00 fee if balance falls below $5,000.00 Last Updated 10/14/2026 Rate History No change since Sep 27, 2026 · 0.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Prosper Tier 1-3	0.10%	-	0.10%
Min Balance $5,000 Details Balance: $5,000 - $49,999; Tiered rates, rate paid on entire balance; $10.00 fee if balance falls below $5,000.00 Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 0.10% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Roth IRA	2.97%	-	3.00%	1 year
Min Deposit $100 Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 3.00% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Roth IRA	2.13%	-	2.15%	3 year
Min Deposit $100 Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 2.15% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Traditional IRA	2.97%	-	3.00%	1 year
Min Deposit $100 Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 3.00% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%
Traditional IRA	2.13%	-	2.15%	3 year
Min Deposit $100 Last Updated 10/14/2026 Rate History No change since Sep 8, 2026 · 2.15% APY · checked 9 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.45%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Chesapeake Bank’s Texas Ratio fell from 2.95% in Q3 2023 to 1.45% in Q2 2026, so its financial health has improved and is now very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$1.7B	1.45%	5.0	A+
March 31, 2026	$1.7B	2.07%	5.0	A+
December 31, 2025	$1.7B	1.96%	5.0	A+
September 30, 2025	$1.6B	2.79%	5.0	A+
June 30, 2025	$1.6B	3.06%	5.0	A+
March 31, 2025	$1.6B	2.84%	5.0	A+
December 31, 2024	$1.5B	2.23%	5.0	A+
September 30, 2024	$1.6B	3.80%	5.0	A+
June 30, 2024	$1.5B	1.68%	5.0	A+
March 31, 2024	$1.5B	1.33%	5.0	A+
December 31, 2023	$1.5B	1.81%	5.0	A+
September 30, 2023	$1.4B	2.95%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Chesapeake Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Chesapeake Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Chesapeake Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Chesapeake Bank

Bank Holding Company CHESAPEAKE FINL SHARES INC

Address 97 N Main St, Kilmarnock, VA 22482 · Lancaster

Website https://www.ches.bank

FDIC Certificate # 6862

Established 19000101

FDIC Insurance Date 19340101

Domestic Offices 19

Total Branches 19

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

1.45%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.7784%

Return on Equity (ROE) 17.0300%

Non-Performing Loans (NPL) 0.16%

Total Assets $1,724,973,000

Total Deposits $1,487,780,000

Equity Capital $184,614,000

Net Income $15,155,000

Headquarters Kilmarnock

Total Branches and Offices 19

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Chesapeake Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

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  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Chesapeake Bank yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Chesapeake Bank

Frequently Asked Questions About Chesapeake Bank

How many branches does Chesapeake Bank operate?

Chesapeake Bank currently maintains approximately 19 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Chesapeake Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Chesapeake Bank provides members with tools to manage their accounts and build a solid financial history.

Does Chesapeake Bank offer online and mobile banking?

Most modern institutions like Chesapeake Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ches.bank.

Current Chesapeake Bank Rates

12-Month CD3.75%
18-Month CD4.00%
24-Month CD3.90%
36-Month CD2.15%
60-Month CD2.75%
Savings3.10%
MMA0.85%

Retrieved from our database of financial products. Rates subject to change.

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Chesapeake Bank Rates & Review October 2026

Brian McKay

Overall Health & Safety Grade

MonitorBankRates Star Rating

Chesapeake Bank Texas Ratio

Chesapeake Bank Health Trend

Chesapeake Bank CD Rates

Chesapeake Bank Savings Rates

Chesapeake Bank Money Market Rates

Chesapeake Bank Business Money Market Rates

Chesapeake Bank Checking Rates

Chesapeake Bank Other Rates

Financial Health History

Methodology & Data Sources

Bank Profile & Overview

Financial Health & Assets

Chesapeake Bank earned the Verified Healthy badge

Customer Reviews

Frequently Asked Questions About Chesapeake Bank

How many branches does Chesapeake Bank operate?

Is there a first-time homebuyer program?

Are credit management and repair services offered?

Does Chesapeake Bank offer online and mobile banking?

Current Chesapeake Bank Rates

Compare to Other Banks