Doral Bank Direct is now offering a 9 month CD with 2.50% APY. The 2.50% APY also applies to terms of 12 to 36 months. CDs with 4 and 5 year terms have a 3.00% APY. Minimum deposit on these CD sare $1,000. CD rates are usually updated on Tuesdays, and once you submit the online application the rates are locked.

Doral Bank Direct also has a savings account with a 2.25% APY. A minimum balance of $1,000 is required to earn the rate on this savings account. $250 is required to avoid a monthly service fee.