Best CD Rate: Doral Bank 12 Month APY 1.40%

Doral Bank Direct, the online banking arm Doral Bank, , has one of the best CD rates currently available for any 1 year certificate of deposit. Doral Bank Direct's 1 year CD interest rate is 1.39% with an APY of 1.40%.  The bank's rate is considerably higher than the national average 1 year rate of 0.572 as reported by MonitorBankRates.com.