Doral Bank Direct CD Rates

At Doral Bank Direct keeping customers happy is what matters most! This bank is an online banking product that was created by Doral Bank, FSB (Doral Bank). It is a subsidiary of Doral Financial Corporation and has banking operations throughout the United States as well as in Puerto Rico. Doral Bank is headquartered in New York and was founded in 1999 as a federal savings bank that is FDIC-insured.

If you wish to start saving and enjoying the convenience and flexibility of doing your banking online then you have come to the right financial establishment! This bank offers savings accounts to its customers as well as certificates of deposit (CDs) for those who wish to not just save but also to invest their money to earn a higher return. We have listed the  the current Doral Bank Direct CD rates below.

Whether your financial goals are short, such as saving for a vacation or doing renovations on your home, or more long-term such as buying a home or starting a business, Doral Direct certificates of deposit (CDs) have something to suit your needs. All of the CDs come with convenient terms and high rates. You are offered a choice of maturities and you are also provided with the security that comes from being able to lock in a competitive interest rate.

In order to open a Doral Direct CD you must have a minimum opening balance of $1,000. In order to earn the effective annual percentage yield (APY) you must maintain a minimum daily balance of $1,000 in your account. The terms for the CDs range from 6 months to 60 months. This gives you plenty of options in this regard.

The interest on a Doral Direct certificate of deposit is compounded daily and credited to your account on a quarterly basis. There is a guaranteed fixed rate for the entire term of the certificate of deposit. You have the option of withdrawing your credited interest earnings without incurring a penalty. However if you wish to withdraw any of the principal that you used to open the CD then be aware that early withdrawal penalties will apply.

Here are the current Doral Bank CD Rates:

•    6 Month Certificate- Rate of 0.74%, APY of 0.75%
•    9 Month Certificate- Rate of 1.09%, APY of 1.10%
•    12 Month Certificate- Rate of 1.19%, APY of 1.20%
•    18 Month Certificate- Rate of 1.24%, APY of 1.25%
•    24 Month Certificate- Rate of 1.73%, APY of 1.75%
•    36 Month Certificate – Rate of 1.98%, APY of 2.00%
•    48 Month Certificate- Rate of 2.22%, APY of 2.25%
•    60 Month Certificate- Rate of 2.47%, APY of 2.50%

Now is a good time to purchase a CD from Doral Bank Direct and get on the road to saving for the future!