Bank & Credit Union Reviews

CH

Chesapeake Bank

Bank

★☆☆☆☆

Chesapeake Bank does appear to offer comparable rates. However, be warned. Fees for cancelling a CD prior to the maturity date will result in full loss of all interest which would have been accrued. Even if that CD was auto-enrolled. So if you were to expect $1000 from a CD, you will be required to pay $1000 to break the CD even if it is only 5 days old. Note that even if you inform them not to enroll the CD over the phone; they will still auto-enroll that CD into the next term, and impose those fees if you call to complain that they should not have created that CD.