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Chemung Canal Trust Company


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.chemungcanal.com
607-737-3711
1 Chemung Canal Plaza
Elmira, NY 14901

Chemung Canal Trust Company is headquartered in ELMIRA and is the 31st largest bank in the state of New York. It is also the 452nd largest bank in the nation. It was established in 1833 and as of December of 2024, it had grown to 336 employees at 30 locations. Chemung Canal Trust Company has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #597
Year Established1833
Employees336
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD12%
Annual Interest Income$127.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.78B$2.71B
LoansQ4 2024vs Q4 2023$2.05B$1.95B
DepositsQ4 2024vs Q4 2023$2.4B$2.44B
Equity CapitalQ4 2024vs Q4 2023$209.7MM$185.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$21.4MM$22.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$9MM$10.4MM
Real Estate OwnedQ4 2024vs Q4 2023$411K$326K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Chemung Canal Trust Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Chemung Canal Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%*†$25k*-Health Savings
OTHER TIERS: 0.02% → $100 - $25k
0.02%†$250-Personal Savings

Chemung Canal Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*†$1m*-IRA Money Market
OTHER TIERS: 0.03% → $25k - $100k | 0.05% → $100k - $500k | 0.07% → $500k - $1m
0.10%*†$25k*-Personal Prestige IMMA
OTHER TIERS: 0.05% → $1k - $25k
0.03%*†$25k*-Money Market
OTHER TIERS: 0.02% → $1k - $25k

Chemung Canal Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%†$1k-NOW Account

Chemung Canal Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%†$10k-5 Month Special CD-New Money
3.50%†$10k$1m15 Month Special CD - New Money
0.60%†$1k-60 Month CD
0.60%†$1k-84 Month CD
0.55%†$1k-48 Month CD
0.45%†$1k-36 Month CD
0.35%†$1k-24 Month CD
0.35%†$1k-30 Month CD
0.20%†$1k-12 Month CD
0.20%†$1k-18 Month CD
0.10%†$1k-6 Month CD
0.05%†$2.5k-7 - 89 Day CD
0.05%†$1k-3 Month CD

Chemung Canal Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%†$1k-60 Month IRA
0.60%†$1k-84 Month IRA
0.55%†$1k-48 Month IRA
0.45%†$1k-36 Month IRA
0.35%†$1k-24 Month IRA
0.35%†$1k-30 Month IRA
0.20%†$1k-12 Month IRA
0.20%†$1k-18 Month IRA
0.10%†$1k-6 Month IRA
0.05%†$1k-3 Month IRA
0.03%†$100-18 Month Variable IRA
Locations

Availability



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