Doral Bank Direct tops the list of banks offering best12-month CD rates, with an APY of 1.10% on 12-month deposits. The minimum deposit for these CDs is $1,000.
CIT Bank is the other bank which is tied in the first place with Doral Bank Direct, in 12-month CD rates. However, the minimum deposit in CIT bank for one year CDs is $25,000.
