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Chesapeake Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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 4/27/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
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 4/27/2025
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 4/27/2025
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
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
ches.bank
804-435-1181
97 North Main Street
Kilmarnock, VA 22482

Chesapeake Bank is headquartered in KILMARNOCK and is the 20th largest bank in the state of Virginia. It is also the 734th largest bank in the nation. It was established in 1900 and as of December of 2024, it had grown to 271 employees at 19 locations. Chesapeake Bank's savings rates are 5X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6862
Year Established1900
Employees271
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD10.23%
Annual Interest Income$82.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.52B$1.47B
LoansQ4 2024vs Q4 2023$897.5MM$855MM
DepositsQ4 2024vs Q4 2023$1.37B$1.27B
Equity CapitalQ4 2024vs Q4 2023$129.8MM$116.9MM
Loan Loss AllowanceQ4 2024vs Q4 2023$10.3MM$9.4MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.2MM$1.3MM
Real Estate OwnedQ4 2024vs Q4 2023$662K$839K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 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 4/27/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
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 4/27/2025
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 4/27/2025
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
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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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chesapeake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%*$250k*-Clear Sky Savings
OTHER TIERS: 0.10% → $0 - $250k
0.75%$10-Christmas Club Rate
0.10%$100-Totally Free Savings

Chesapeake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$1m*-Money Market Account
OTHER TIERS: 0.05% → $5k - $25k | 0.70% → $25k - $100k | 0.80% → $100k - $500k | 0.90% → $500k - $1m

Chesapeake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Prosper Checking
OTHER TIERS: 0.10% → $5k - $50k

Chesapeake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$1k-13 Month CD Special
3.51%$1k-7 Month CD Special
3.00%$1k-182 Day CD
2.90%$1k-37 Month CD Special
2.75%$1k-12 Month CD
2.65%$1k-3 Year CD
2.36%$1k-18 Month CD
1.35%$1k-2 Year CD
1.30%$1k-5 Year CD
0.65%$1k-30 Day CD
0.65%$1k-90 Day CD

Chesapeake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$100-1 Year IRA
2.75%$100-1 Year Roth IRA
2.65%$100-3 Year IRA
2.65%$100-3 Year Roth IRA
Locations

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