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Chesapeake Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 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
4.2  / 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 21st largest bank in the state of Virginia. It is also the 702nd 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.

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Health
A

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 Established1900
Employees271
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-1.02%
Return on Equity - YTD-11.31%
Annual Interest Income$20.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.6B$1.51B
LoansQ1 2025vs Q1 2024$926MM$890.3MM
DepositsQ1 2025vs Q1 2024$1.44B$1.34B
Equity CapitalQ1 2025vs Q1 2024$151.5MM$121.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$10.5MM$9.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$3.6MM$771K
Real Estate OwnedQ1 2025vs Q1 2024$662K$839K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
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
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 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
4.2  / 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
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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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