Doral Bank Direct CD Rates: 12 Month CD Interest Rates at 1.02% APY

Doral Bank Direct CD rates are very competitive and well above the national average CD rates. Doral Bank Direct's CD rates on 12 month certificates of deposit are currently at 1.01 percent with an APY of 1.02 percent. Current bank CD rates in Bankrate's national average CD rate survey are at 0.71 percent. CD rates at banks for 12 month certificates of deposit in the FDIC's national rate survey are even lower at 0.27 percent.

The highest CD rates right now on our 1 year CD bank rates list are at 1.09 percent with an APY of 1.10 percent. CIT Bank CD rates on 1 year certificates of deposit are at 1.09 percent with an APY of 1.10 percent. Another 1 year CD interest rates on our rate list that are higher than Doral Bank Direct's rates include Bank of Internet USA which is also offering 1 year rates at 1.09 percent with an APY of 1.10 percent.

Probably the best CD rate deal at Doral Bank Direct  right now are on the bank's shortest term certificate of deposit. Current 6 month CD rates at Doral Bank Direct are currently at 0.91 percent with an APY of .092 percent. The current national average 6 month CD rate in Bankrate's survey is at 0.47 percent. The FDIC's national average 6 month CD rate is at 0.17 percent.

CD Rates Doral Bank Direct

  • 6 Month CD Rates 0.91% APY 0.92%
  • 9 Month CD rates 0.96% APY 0.97%
  • 12 Month CD Rates 1.01% APY 1.02%
  • 18 Month CD Rates 1.10% APY 1.11%
  • 24 Month CD Rates 1.18% APY 1.19%
  • 36 Month CD Rates 1.34% APY 1.35%
  • 48 Month CD Rates 1.48% APY 1.50%
  • 60 Month CD Rates 1.71% APY 1.73%

Doral Bank Direct's CD interest rates have come down over the past year which is the norm for all bank CD rates since interest rates in general have gone lower. The yield spread between the shortest and longest term certificates of deposit is flat. That being said you're better off staying invested in shorter term certificates of deposit right now.

Some of the features of Doral Bank Direct's certificates of deposit include the ability to withdraw the interest earned on the account without penalty. CD interest earned is credited quarterly but you can request monthly, semi annual or annual payments. The minimum opening deposit is $1,000. The minimum account balance to earn interest is $1,000. Accounts can be opened online or by mail. You can open accounts online on Doral Bank Direct's website here: Doral Bank Direct CD Application.

Author: Lisa Graham
August 31st, 2012

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