Doral Bank Direct is offering a promotional high yield savings account that gets 3.5% APY guaranteed for the first 3 months. To qualify you must maintain a minimum daily balance of $1,000.
If you’d like to lock in this rate for a longer period Doral Bank is also offering an 11 month CD with 3.5% APY. The minimum deposit for the certificates of deposit is $1,000.
Doral Bank is a FDIC insured bank and gets a 5 star rating from bankrate (the highest rating you can get) in terms of soundness. It appears that Doral Bank is not going anywhere anytime soon.
Category: Savings Rates