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Rates Effective July 22nd 2010
*All rates and Annual Percentage Yields are subject to change without notice
Checking Accounts
| Free & Easy Checking |
None |
None |
None |
No minimum balance requirement. No monthly service fees. FREE ATM or MasterMoney® Debit card. |
| NOW Checking |
.10% |
.10% |
$250 |
FREE First check order. FREE ATM card or MasterMoney® Debit card. |
| Elite Checking |
.20% |
.20% |
$2,500 |
FREE First check order. FREE ATM card or MasterMoney® Debit card. |
The rate and APY may change after the account is opened. Fees could reduce earnings of the account.
Savings and Money Market Accounts
| Statement Savings |
0.25% |
0.25% |
$100 |
FREE ATM card |
| Premier Money Market Account |
Write up to three (3) checks per month FREE. No Monthly service fees when you maintain a low minimum balance. |
| Tier I |
.15% |
.15% |
$1,000 |
| Tier II |
.40% |
.40% |
$5,000 |
| Tier III |
.50% |
.50% |
$25,000 |
| Tier IV |
.75% |
.75% |
$50,000 |
| Tier V |
1.00% |
1.00% |
$75,000 |
The rate and APY may change after the account is opened. Fees could reduce earnings on the account.
Certificate and Retirement Accounts
|
|
|
|
|
| 6 Months |
0.70% |
0.70% |
$1,000 |
ASK ABOUT MONEYPASS |
| 12 Months |
0.95% |
0.95% |
$1,000 |
Over 3000 ATMS Nationwide |
| 18 Months |
1.05% |
1.05% |
$1,000 |
| 24 Months |
1.29% |
1.30% |
$1,000 |
OPEN A NEW CD |
| 36 Months |
1.64% |
1.70% |
$1,000 |
WITH A NEW |
| 48 Months |
1.84% |
1.85% |
$1,000 |
Elite Checking Account |
| 60 Months |
2.33% |
2.35% |
$1,000 |
EARN .25% Bonus on your CD |
All Certificates of Deposit May be Subject to a Penalty for Early Withdrawal.
Check out "FREE and EASY Checking" at Chesapeake Bank of Maryland.
No Monthly Service Fees
No Minimum Balance Requirement
Free ATM Card or MasterMoney® Debit Card
Free Foreign ATM Transactions*
Foreign ATM owners may charge a fee. Refer to the Bank's Important Information and Disclosures and current Schedule of Fees for additional information.
Residential Loan Rates
RESIDENTIAL RATES
Home Equity Loans
| Maximum LTV 80% |
$5,000 & above |
| 60 months |
5.50% |
$19.10 |
| 120 months |
5.625% |
$10.92 |
| 180 months |
5.75% |
$ 8.31 |
| 240 months |
6.00% |
$ 7.17 |
* Maximum CLTV of 80% for first liens or liens where
Chesapeake Bank holds the current first mortgage.
Customer pays closing costs on rates quotes above.
Home Equity Lines of Credit
| Maximum LTV 80% |
$5,000 & above
|
N/A
|
Prime + 1% (3.25% APR)
|
Maximum LTV 80%
Interest Only Payments |
$5,000 & above |
N/A |
Prime + 1% (3.25% APR)
|
* Maximum CLTV of 80% for first liens or liens where Chesapeake Bank holds the current first mortgage.
Discount of .25% can be obtained on Home Equity Line of Credit if the monthly payments
are automatically deducted from a qualified Chesapeake Bank of Maryland checking account.
Interest only and 80% LTV lines are not eligible. Rates are variable and are based on the Prime Rate published in the Wall Street Journal and
are adjusted monthly on the final day of the billing cycle. Maximum APR is 21%. Customer pays closing costs on rates quoted above.
**Auto Loans
| NEW 2009, 2010 |
90% MSRP |
36,48,60, and 72 months |
6.50% |
| |
| Used 2005-2008 |
90% NADA retail value |
36,48, and 60 months |
7.25% |
| Used 2005 and older |
90% NADA retail value |
maximum term 48 months |
7.50% |
**DEALER TRANSACTIONS ONLY
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