Doral Bank Leading the Pack on 1 Year CD Rates

Doral Bank Direct has received a decent amount of attention on BankVibe over the years. Like many online banks, they snag new customers by offering highly competitive interest rates on their savings accounts and CDs. Today, they are offering the best annual percentage yield on 1 year CDs with an APY of 1.15%. Keep in mind, you’ll need to make a minimum deposit of $1000 to take advantage of their deposit Read more…

Florida Credit Unions: Who offers the Best CD Rates?

When surveying all the banking institutions’ rates whom open their doors to Floridians, we found that (surprisingly) the best CD rates are offered through banks rather than credit unions. This is slightly odd and out of line with many other states whose regional credit unions tend to offer the best bank rates for both savings accounts and loans. Because credit unions are not-for-profit banking institutions whose profits are typically entitled to Read more…

Doral Bank Direct’s CD Rates – One Exceptional APY

Every once in a while a reader will forward us a promotional CD rate from Doral Bank (based out of Puerto Rico) featuring a sensational interest rate and APY. This time around BankVibe.com reader Joshua sent us their latest offer – a 12 month CD yielding 1.40% APY. This online CD comes with a minimum deposit requirement of $1,000 and can be opened by mail as well. To put this offer Read more…

Doral Bank Direct: CD rates and Review

Doral Bank, based out of New York, regularly offers competitive CD rates through their online banking division – Doral Bank Direct.

Doral Bank Direct is a wholly owned subsidiary of Doral Financial Corporation. (NYSE: DRL), a diversified financial services company headquartered in Puerto Rico with 35 years in the banking industry. However, although they are headquartered in Puerto Rico, they are still member FDIC and your deposits are federally insured up to Read more…