Doral Bank Direct is Offering a simple 1.90% APY on their one year CD. This is not the best rate out there, but is pretty comparable to the rates we have seen currently with the market.

Below is a list of current CD rates, and the amount of time your money is invested for the best return.

As of 3/15/10 additional offers by Doral are:
1.25% APY on 6 month CD
1.40% APY on 9 month CD
1.90% APY on 12 Month CD
1.50% APY on 18 month CD
1.75% APY on 24 month CD
2.00% APY on 36 month CD
2.25% APY on 48 month CD
2.50% APY on 60 month CD

There is a $1,000 minimum opening deposit. Maintain $1,000 minimum daily balance to earn the effective APY. Guaranteed rate for entire CD term.

Please be aware of the difference between Doral Bank and Direct. Doral Bank is a federally chartered savings bank headquartered in New York City. They opened their doors as a new retail community bank in 1999. Doral Bank Direct is the operating name for on-line banking services. Doral Bank Direct is a wholly owned subsidiary of Doral Financial Corporation, which is located in San Juan, Puerto Rico and is not given the same rating as Doral Bank FSB of New York by Bauerfinancial. Doral Bank FSB of New York, NY is given a current rating of 3 1/2 stars according to 12/31/09 financial data.

For further information on Savings and checking accounts, we encourage you to go in and speak with a bank representative. If you are looking at getting a credit card, you can read one of our many reviews.

Disclaimer:
This post does not guarantee accuracy at the time of your reading. Please check directly with the financial institution for more details.