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Current Rates
Save More with Specials from CapitalBank
Rates as of May 20, 2025

For a limited time, take advantage of our special offers:

3.00% APY**
36-month cd

Bump Up CD Special

CD - 4.25% APY*

for 6 months

CD - 3.50% APY*

for 15 months

Stop by our branch or call us at 716-458-3690 to open your account today!

*APY = Annual Percentage Yield. To earn the promotional APY, the Certificate of Deposit must be opened with new-to-Capital Bank money only. Minimum deposit to open is $10,000. Account balance may not exceed $1,000,000 with the exception of future interest payments. Offer valid for personal and nonprofit clients only. There may be a penalty for early withdrawals. Fees may reduce earnings on accounts. All IRA certificates are subject to IRS tax regulations and penalties. Interest rates may change at any time, without prior notice, before an account is opened. Interest compounds quarterly and is credited quarterly. Effective as of December 16, 2024.

**APY = Annual Percentage Yield. A checking account from Chemung Canal Trust Company, or its divisions, with a minimum balance of $1,000 at the time of opening is required to receive the advertised rate. Both new and existing checking accounts are eligible. Offer may be withdrawn without notice. There is a $1,000 minimum balance requirement to open the certificate and to obtain the APY. A penalty will be imposed for early withdrawal. Fees could reduce earnings. The interest rate and APY may be changed, or “bumped,” once during the initial term of the CD. Upon receipt of a written bump-up request from you, we will adjust the interest rate and APY to the current interest rate and APY we pay on the 36-month CD or 36-month Bump-Up CD, if offered, should Chemung Canal Trust Company, or its divisions, offer a higher rate. The increased rate & yield will be paid for the remainder of the term only and will not extend the maturity date. One additional deposit may be made during the initial term. Upon maturity, the CD will automatically renew to the terms and conditions of our 36-month CD. Offer eligible for Personal, Business and Not-for-Profit accounts only.

Interest Checking Account
RATES
Account TypeInterest RateAPY*
NOW ($1,000 and above) 0.02% 0.02%
Money Market ($1,000 - $24,999) 0.02% 0.02%
Money Market ($25,000 and above) 0.03% 0.03%
Personal Prestige IMMA (Less than $1,000) 0.00% 0.00%
Personal Prestige IMMA ($1,000 - $24,999) 0.03% 0.03%
Personal Prestige IMMA ($25,000 - $99,999) 0.05% 0.05%
Personal Prestige IMMA ($100,000 - $499,999) 0.07% 0.07%
Personal Prestige IMMA ($500,000 - $999,999) 0.10% 0.10%
Personal Prestige IMMA ($1,000,000 and over) 0.15% 0.15%

* APY= Annual Percentage Yield. Interest is compounded monthly. These are variable interest rate products and the interest rates may change at the discretion of Canal Bank.

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A maintenance fee of $10 is imposed for each month if the daily ledger balance is less than $1,000. Minimum to open the account is $1,000. No interest is earned on daily ledger balances under $1,000. Fees could reduce earnings on the account. Accounts available for organizations, associations and corporations, which are not-for-profit. No per-check fees.

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Minimum deposit to open the account is $1,000. A daily ledger balance of $1,000 is required to earn interest. No interest is earned on daily ledger balances under $1,000. The money market account is a variable interest rate account. Fees could reduce earnings on the account.

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A minimum $25,000 balance and a Chemung Canal checking account are required to open the account. No interest is earned on daily ledger balances under $1,000. The Personal Prestige IMMA is a variable interest rate/yield personal money market account and is subject to change at any time. Fees can reduce earnings on the account.

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We use the daily ledger balance method to calculate interest on your account. This method applies a daily periodic rate to the ledger balance in the account each day. All deposited checks begin to earn interest as soon as we receive credit for the checks from the Federal Reserve Bank. For exact availability of funds for all checks, refer to our “Availability of Funds” disclosure, which is given to you at the time the account is opened, or may be obtained at any time from one of our client service representatives. Each day, the daily ledger balance is multiplied by the interest rate and divided by 365 days (Example: a daily ledger balance of $2,500 x rate of 2.00%/365 days would equal 13.7 cents accrued interest for the day.) The accrued interest for each day is added together and credited to the account each month.

Personal Savings
INTEREST RATES
Interest RateAPY*
0.02%0.02%

* APY= Annual Percentage Yield. Interest compounds quarterly. This is a variable interest rate product and the interest rates may change at the discretion of Canal Bank. Minimum daily ledger balance to obtain annual percentage yield is $250. Minimum to open account is $25 and minimum of $250 to avoid a service charge. Fees could reduce earnings on the account.

Certificate of Deposit (CD)
INTEREST RATES
TermInterest RateAPY*
NEW CD Special: 5 Month 4.42% 4.50%
NEW CD Special: 12 Month 3.94% 4.00%
7-89 days** 0.05% 0.05%
3 Month0.05% 0.05%
6 Month0.10% 0.10%
12 Month0.20% 0.20%
18 Month0.20% 0.20%
24 Month0.35% 0.35%
30 Month0.35% 0.35%
36 Month0.45% 0.45%
48 Month1.49% 1.50%
60 Month0.60% 0.60%
84 Month0.60% 0.60%

* APY= Annual Percentage Yield. Interest is compounded monthly. These are variable interest rate products and the interest rates may change at the discretion of Canal Bank.

IRA
INTEREST RATES
TermInterest RateAPY*
3 Month0.05% 0.05%
6 Month0.10% 0.10%
12 Month0.20% 0.20%
18 Month0.20% 0.20%
18 Month - Variable±; $100 and over 0.03% 0.03%
24 Month0.35% 0.35%
30 Month0.35% 0.35%
36 Month0.45% 0.45%
48 Month1.49% 1.50%
60 Month0.60% 0.60%
84 Month0.60% 0.60%

* APY= Annual Percentage Yield. Interest rates may change at the discretion of Capital Bank. ± Minimum daily balance (amount of principal in the account daily) to obtain the stated annual percentage yield is $1,000, except for the 18-month variable interest rate account, which is $100. Minimum deposit to open account is $1,000, except for the 18-month variable interest rate account, which is $100. Fees could reduce earnings on the accounts. Interest is paid quarterly. A penalty may be imposed on early withdrawals.

IRA Money Market
INTEREST RATES
Account TypeInterest RateAPY*
Money Market ( < $1,000) 0.00% 0.00%
Money Market ($1,000 - $24,999) 0.00% 0.00%
Money Market ($25,000 - $99,999) 0.03% 0.03%
Money Market ($100,000 - $499,999) 0.05% 0.05%
Money Market ($500,000 - $999,999) 0.07% 0.07%
Money Market (>$1,000,000) 0.10% 0.10%
* APY= Annual Percentage Yield. Interest rates may change at the discretion of Capital Bank. ± Minimum daily balance (amount of principal in the account daily) to obtain the stated annual percentage yield is $1,000, except for the 18-month variable interest rate account, which is $100. Minimum deposit to open account is $1,000, except for the 18-month variable interest rate account, which is $100. Fees could reduce earnings on the accounts. Interest is paid quarterly. A penalty may be imposed on early withdrawals.
Health Savings Account (HSA)
INTEREST RATES
TermInterest RateAPY*
HSA (< $100) 0.00% 0.00%
HSA ($100 - $1,999) 0.02% 0.02%
HSA ($2,000 - $4,999) 0.02% 0.02%
HSA ($5,000 - $24,999) 0.02% 0.02%
HSA (> $25,000) 0.03% 0.03%

* APY= Annual Percentage Yield. Interest rates may change at the discretion of Capital Bank.

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