5.50% 7-Month / 13-Month CD at a Virginia Bank

Chesapeake Bank is offering a special 5.50% APY certificate of deposit on terms of either 7-month or 13-month. The minimum deposit is $5K and it requires a Chesapeake Bank Checking Account. They do offer a free checking account with no monthly fees or minimum balance requirements after an initial opening deposit of $100.

The bank has branches in the following Virginia cities: Irvington, Kilmarnock, Lively, Mathews, Hayes, Gloucester and Williamsburg.

Credit for this find goes to FW member rubbindimes in this FW thread.