Chesapeake Bank’s online division, Clear Sky Accounts, recently dropped their savings account interest rates to 1.60%. The financial institution already lowered their rate in December. Some features of the Clear Sky Savings balances include:
- 1.60% APY for balances up to $249,999.99
- 0.50% APY for balances of $250,000 and over
- Minimum balance $1
- No monthly fees
- Interest compounds monthly
- FDIC insured up to $250,000
Clear Sky accounts are paper free and totally based online so anyone can take advantage. Chesapeake Bank is a Virginia-based financial institution.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
