Doral Bank, is offering 0.940% APY on 9-month term CDs for a low minimum deposit of $500. You should maintain a daily minimum balance of $500 to benefit from the APY.
The bank offers CDs ranging from 6-month to 60-month terms with high APYs starting from 0.89% APY on 6-month CDs to 1.56% APY on 60-month CDs. The rates are fixed for the entire term of the CD and the interest is compounded on a daily basis. The earnings will be credited to your account on a quarterly basis. The bank also offers an option to withdraw the interest earnings that are credited without any penalty.