All of Chesapeake Bank’s personal savings accounts come with these rock-solid, customer-centric features:
Start saving today with a low minimum opening balance on several of our savings accounts.
Quick and easy electronic services, including Online Banking, Mobile Banking, e-Statements, and Touch-Tone Teller.
Apply in minutes and watch your money grow with interest.
Totally-Free Savings |
Solo Savings |
Youth SavingsIn Branch Only |
Christmas ClubIn Branch Only |
|
Minimum to Open |
$100 |
$200 | $25 |
$10 $5 per week or $20 per month must be transferred to maintain account |
Service Charge |
$0 |
$4 per Quarter if balance falls below $500 |
$0 | $0 |
Minimum Balance to Earn Interest |
$100 | $100 |
$25 |
$10 |
Statement |
Monthly | Quarterly | Quarterly | Monthly |
Maximum Number of Withdrawals or Transfers |
Six / Month |
Six / Month After 3 withdrawals per statement cycle you will be charged $1.00 for each excess withdrawal. |
Three / Month | Withdrawals Prior to Maturity Date are Not Permitted |
Excess Withdrawal / Transfer Charge |
None | $1 / Item | $1 / Item |
None Prior to Maturity at Holidays |
Apply Online |
Apply Now | Apply Now | In Branch Only | In Branch Only |
Setup an account that adjusts with the flow of the market. It just makes savings easier that way. Open a Money Market account in your nearest branch.
Save money for the holidays (or property taxes) with automatic monthly or weekly deposits into this account that does not allow withdrawals during the year.
Clear Sky Savings is a high-yield, online savings account with no monthly fees, available exclusively at Chesapeake Bank.
If you want to be at the low end of the risk/reward spectrum, a Certificate of Deposit (CD) from Chesapeake Bank might be the right choice for you. IRAs are another savings option and offer the added advantage of tax benefits.