Chesapeake Bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

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

up to $300

Our Rating

4.2 / 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 21^st largest bank in the state of Virginia. It is also the 702^nd largest bank in the nation. It was established in 1900 and as of March of 2025, 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.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2025

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Chesapeake Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	6862
Year Established	1900
Employees	271
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	-1.02%
Return on Equity - YTD	-11.31%
Annual Interest Income	$20.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.6B$1.51B
Loans	Q1 2025vs Q1 2024	$926MM$890.3MM
Deposits	Q1 2025vs Q1 2024	$1.44B$1.34B
Equity Capital	Q1 2025vs Q1 2024	$151.5MM$121.2MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$10.5MM$9.7MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$3.6MM$771K
Real Estate Owned	Q1 2025vs Q1 2024	$662K$839K

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

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

up to $300

Our Rating

4.2 / 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

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Chesapeake Bank; 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.

Chesapeake Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	Prosper Checking
OTHER TIERS: 0.10% → $5k - $50k

Chesapeake Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Availability

Richmond Area

Richmond Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.