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Get a competitive rate on 12-month CDs at Doral Bank Direct

By Elaine Griffin

Doral Bank Direct is currently offering a very competitive 1.40 percent annual percentage yield (APY) on their 12-month personal internet CDs. This well above-average rate is effective as of March 23, 2011. In addition to the great rate, Doral allows accrued interest to be withdrawn without penalty. There is a minimum $1,000 deposit required to open this CD. Penalties are imposed for early withdrawal of initial deposit.

Doral Bank, FSB, was established in and has been a member of the FDIC since October 1999. They are headquartered in New York. Doral Bank Direct is the online division of Doral Bank.

Type of account: CD (Certificate of Deposit)

Bank requirements:

  • Open account online
  • Account must be opened with at least $1,000
  • Penalties are imposed for early withdrawal
  • For additional details, contact Doral Bank Direct

Account features:

  • 12-month personal CDs with above-average 1.40 percent APY
  • Accrued interest may be withdrawn without penalty

Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.

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