bank rates

Doral Still Tops 6-Month CD Rates

Doral Bank Direct pays 0.91% APY.There’s only been slight movement in 6-month CD rates – we’re talking just one one-hundredth of a percentage point – since September.

Doral Bank Direct (www.doralbankdirect.com) continues to offer the lead rate on our CD Rates Leaderboard.

The online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, has dropped its rate to 0.91% APY with a $1,000 minimum deposit.

Two banks offer 0.80% APY:

Colorado Federal Savings Bank (www.coloradofederalbank.com), which is an online bank based in Greenwood Village, Colo., and requires a $5,000 minimum deposit.

Giant Bank (www.giantbank.com), which is the online division of Landmark Bank and requires a $2,500 minimum deposit.

Ascencia (www.ascenciabank.com), which is the online division of PBI Bank in Louisville, Ky., pays 0.78% APY with a $500 minimum deposit.

AloStar Bank of Commerce, (www.alostarbank.com), which is an online bank based in Birmingham, Ala., pays 0.76% APY and requires a $1,000 minimum deposit.

Two banks pay 0.75% APY:

ableBanking (www.ablebanking.com), which is the online division of Northeast Bank and requires a $1,000 minimum deposit.

Discover Bank (www.discoverbank.com), which is an online bank owned by the credit card company and requires a $2,500 minimum deposit.

Large banks and thrifts are currently offering an annual average yield of 0.18% for 6-month CDs.

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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  1. Nova Bank Accountholder said:
    on November 3rd at 09:26 pm

    On Friday, October 26, 2012, the Pennsylvania Department of Banking and Securities closed NOVA Bank, Berwyn, PA and the Federal Deposit Insurance Corporation (FDIC) was named Receiver