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Doral Bank Direct Top 12 Month CD Rate at 1.10% APY

Doral Bank Direct recently lowered the rate the bank pays on a 12 month certificate of deposit from 1.14 percent with an APY of 1.15 percent to 1.09 percent with an APY of 1.10 percent.

Although the bank lower the 12 month rate it still tops our rate list for the highest CD rate. The other bank offering 1 year CD rates at 1.09 percent with an APY of 1.10 percent is CIT Bank.

Doral Bank Direct's 1 year rate is considerably higher than the current national average rate of 0.75 percent. The FDIC's national average rate is even less at 0.28 percent.

Doral Bank Direct is the online banking arm of Doral Bank. Deposit accounts are FDIC insured for up to $250,000. Here are some of the features and benefits of Doral Bank Direct's certificates of deposit.

  • High rates with guaranteed returns

  • No hidden or monthly maintenance fees

  • Each depositor is insured to at least $250,000 by the FDIC

  •  Withdraw your credited interest earnings without penalty 

  •  $1,000 minimum opening deposit and minimum balance to earn the APY

You can open a certificate of deposit online on the bank's website here: Doral Bank Direct CD Account Application. You can also call the bank at 1-855-51-DORAL (1-855-513-6725) for more information.

To search and compare the best CD rates from many different banks use our rate tables below. We always list the highest CD rates at banks available both nationally and locally.
Author: Jason P. Jones
July 24th, 2012