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.

Doral Bank is also offering certificate of deposit terms ranging between 6 months and 5 years. None of the other rates are as good as the 12 month rate. The 6 month rate is the second best rate offered. The current 6 month rate and APY is 0.75%. That rate is one of the higher 6 month CD rates at banks available right now. The 9 month certificate of deposit rate and APY is also 0.75%. The rest of the rates are not worth mentioning here.

Doral Bank Direct makes opening a certificate of deposit account very easy. You can open an account in minutes and easily transfer money into the CD account from any bank account or by mailing a check to the bank. Accounts can be opened by visiting doralbankdirect.com or by calling the bank at 1-855-513-6725.

Doral Bank Direct Company Information

Doral Bank Direct, the online banking arm of Doral Bank, which is the main subsidiary of Doral Financial Corporation. The parent company, Doral Financial Corporation is publicly traded on the New York Stock Exchange under the ticker symbol DRL.

Doral Financial is a $10 billion diversified financial services company with operations in Puerto Rico, New York, Florida and Oregon. Doral Bank Direct deposits are insured to up t0 $250,000 per account, per depositor. Doral Bank Direct has expanded their services throughout the 50 states so anyone can open a CD account and get the high rate CD.

For a complete list of bank CD rates use our CD rate list at CDRates.MonitorBankRates.com. You can search for the highest CD rates in your state from national banks and local banks.