Fredericksburg Parent

10 Fredericksburg Parent and Family • Fredericksburg Forward 2023 Community Bank of the Chesapeake brings a local touch to money management This inflationary environment is a good time to look at your savings options. A 13-month CD (certificate of deposit) with Community Bank offers interest rates between 2.25-3.00% APY (Annual Percentage Yield). $500 Minimum balance to open and earn APY. And unlike many other banks, our 13-month CD comes with a one-time penalty-free withdrawal. They are one of the tools we have to help you get the most from your sav- ings. Come talk to us about how to optimize your sav- ings this year and check out our CD specials at cbtc.com. As a community bank, we are all about building solutions that meet the needs our customers face in their day-to- day lives. Holiday spending can feel stressful, but saving just a little every month toward big expenses like this can make things much more manageable. Our Christmas Club account is designed just for this. A Christmas Club savings account allows you to design your own schedule of recurring deposits from another Community Bank account. These funds are automatically put away, and we mail you a check in October with these special sav- ings that have been set aside for holiday spending, a big vacation, or whatever your goal may be. Start saving for your dream today! WRITTEN BY EMILY FREEHLING Banking can feel like an impersonal game of numbers when you are one tiny account within a giant company. At Community Bank of the Chesapeake, banking is much more personal. "It's about helping people," says Philip Pierce, Business Development Officer for Community Bank. "Our jobs are to help people move for- ward with their dreams, whether that is financing the first car for their teenager, providing a home equity line of credit for a home renova- tion, sending a child to college or helping a customer to start their own business." Philip and the rest of the team at Community Bank's two Fredericksburg-area branches in Downtown and at Harrison Crossing live, work and raise their families in this region. As they work with per- sonal and business banking customers, they see first-hand the impor- tance of shopping local, whether for retail goods or banking needs. "Banking can seem impersonal at times because of all of the new devel- opments with online and mobile banking. Don't get me wrong—we offer these powerful tools to our customers, too—but at the end of the day, we see time and again that when people know there is someone at the branch who knows them, who cares about how their kids are doing and who is also a part of the community—that provides a sense of security and pride in where you are storing your money," says Pierce. As Fredericksburg continues to move forward in 2023 from the chal- lenging years of the pandemic, Community Bank of the Chesapeake is here to help both our customers and our community with competitive products and community-minded programs. Let's All MOVE FORWARD Together in 2023 BOOST YOUR EARNINGS WITH CDS A STRESS-FREE 2023 HOLIDAY STARTS NOW

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