Doral Direct Bank 11 month CD Rate

Doral Bank Direct is offering one of the best CD rates for a 11 month CD. The CD rate also beats most of the 1 year CD rates that are available today. 

Doral Bank Direct’s promo 11 month certificate of deposit currently has an annual percentage yield of 3.50%. The minimum deposit is $1,000. As with most if not all promotional CD rates the deal is only for “new money”, money that is currently not deposited at Doral Direct Bank.

The CD account is insured by the Federal Deposit Insurance Corporation for up to $250,000 until 12/31/09, then the coverage reverts back to $100,000. Doral Bank Direct is a division of Doral Financial Corporation. Accounts can be opened online or by mail.

To open an account with Doral Bank Direct you will need:

• To be 18 years of age or older
• To be either a U.S. citizen or a resident alien
• A U.S. address and Social Security Number
• A driver’s license, state ID, or Federal ID
• Personal information including your date of birth and your place of birth
• A valid email address

Doral Bank Direct Certificate of Deposit Applications

Here is a site with more cd rates.