The New York branches of Doral Bank have a trio of decent CD rates for Big Apple savers.
With a $500 minimum deposit, they’re paying:
- 1.55% APY for 36-month CDs.
- 1.40% APY for 24-month CDs.
- 1.15% APY for 12-month CDs.
All three beat the top nationally available rates for their terms on our CD Rates Leaderboard by at least a tenth of a percentage point.
Those CD rates are also significantly higher than what Doral Bank Direct, the online division of Doral Bank, is offering to savers nationally.
The leading community bank in Puerto Rico, Doral Bank has two branches in New York City and five in northwest Florida, in addition to its online presence.
These certificates of deposit are only available at the New York City branches and have to be purchased in person.
Those branches are in Midtown and on Park Avenue South.
Learn more about Doral Bank New York at www.doralbankny.com or call 212-486-3030 or 212-584-6820.
Compare these returns with the best CD rates from scores of banks in our extensive database.
UPDATE (07/22/2014): Doral has just lowered all of these rates by a tenth of a percentage point.
UPDATE (07/11/2014): After raising these rates in recent months, Doral Bank has now lowered all of them to the rates originally reported in this post.
UPDATE (07/03/2014): Doral Bank lowered its 36-month rate slightly to 1.65% APY.
UPDATE (06/13/2014): Doral Bank has raised its 36-month rate to 1.67% APY and its 12-month rate to 1.25% APY.
UPDATE (05/09/2014): Doral Bank has raised its 24-month CD rate to 1.50% APY.