Today's Interest Rates

Competitive Interest Rates with CanalCare Service

• Interest Checking Account Interest Rates
• Statement Savings Interest Rates
• Certificates of Deposit Interest Rates
• IRA Interest Rates
• Auto Loan Interest Rates 
• Personal Loan Interest Rates 
• Home Improvement Loan Interest Rates
• Other Consumer Loan Interest Rates 
• Mortgage Interest Rates
• Home Equity Interest Rates

Interest Checking Account Rates

Accurate as of March 9, 2010

* APY= Annual Percentage Yield

Interest rates are compounded monthly. These are variable interest rate products and the interest rates may change at the discretion of Chemung Canal Trust Company.

NOW Accounts

A maintenance fee of $5 is imposed for each month if the average daily available balance is less than $1,000. Minimum to open the account is $1,000. If your average available balance is $5,000 or greater, you may write an unlimited number of checks without a fee. If your average daily available balance is less than $5,000, we will pay 10 checks each statement period without a fee; there will be a fee of $.20 for each additional check. Daily available balances below $1,000 earn no interest and are charged a $5 monthly fee. Fees could reduce earnings on the account.

Organizations, associations and corporations which are not-for-profit.

Money Market Account

Minimum deposit to open the account is $2,500. Minimum daily balance (the amount of principal in the account daily) to obtain annual percentage yield is $2,500. Between $1,000 and $2,500 earns the NOW account interest rate. No interest is earned on balances under $1,000. The money market account is a variable interest rate account (interest rate may change after account is opened). Fees could reduce earnings on the account.

Prestige IMMA

New money only. A minimum $25,000 balance and a Chemung Canal checking account are required to open the account and to earn the stated Prestige IMMA interest rate. If the daily available balance falls below $24,999, these funds earn the bank's IMMA interest rate. The 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.

All Accounts Mentioned Above

We use the daily available balance method to calculate interest on your account. This method applies a daily periodic rate to the available 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, which will be one, two or three days after deposit. For exact availability of funds for all checks, refer to our "Availability of Funds" brochure, 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 available balance is multiplied by the interest rate and divided by 365 days (Example: a daily available 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.

Click here for a printable PDF of Interest Checking Account Interest Rates

Statement Savings Interest Rates

Accurate as of March 9, 2010

* APY= Annual Percentage Yield

Interest compounds quarterly.  This is a variable interest rate product and the interest rates may change at the discretion of Chemung Canal Trust Company.

• Minimum daily balance (amount of principal in the account daily) to obtain annual percentage yield is $100.
• Minimum to open account is $25 and minimum of $100 to avoid a service charge.
• Fees could reduce earnings on the account.

Click here for a printable PDF of Statement Savings Account Interest Rates

Go to our savings calculator to create examples of how you may grow your savings!

Certificate of Deposit Interest Rates

* APY= Annual Percentage Yield

** Non-renewable

*** New money only. A customer is required to have a CCTC checking. Unless directed, will roll into 6-month, 12-month and 18-month products.

^$25,000 minimum, new money deposits only.

Interest compounds quarterly. To earn annual percentage yield you must have interest compounded. Interest rates may change at the discretion of Chemung Canal Trust Company.

• To earn annual percentage yield you must have interest compounded.
• Minimum deposit to open is $1,000.
• Minimum deposit for terms less than 3 months is $2,500.
• There is a penalty for early withdrawals.
• Minimum daily balance (the amount of principal in the account daily) to obtain the stated annual percentage yield is $1,000.
• Fees could reduce earnings on the accounts.
• Interest rates are subject to change without notice.

Go to our savings calculator to create examples of how you may grow your savings!

IRA Interest Rates

Accurate as of March 9, 2010

* APY= Annual Percentage Yield

** Non-renewable

*** New money only. A customer is required to have a CCTC checking. Unless directed, will roll into 6-month, 12-month and 18-month products.

^$25,000 minimum, new money deposits only. 

Interest rates may change at the discretion of Chemung Canal Trust Company.

• 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.
• A penalty may be imposed on early withdrawals.

Click here for a printable PDF of IRA Interest Rates

Go to our savings calculator to create examples of how you may grow your savings!