We understand the importance of planning your children's education and we are here to help you in the process.

Icon of a calendar with money symbol.

Maturity terms of 1 and 3 years

 

Icon of a bunch of coins closed by two green arrows.

You can claim a $500 annual deduction for each beneficiary on your income tax return1

 

Icono de mano con monedas.

You can claim for the contribution in addition to other IRA1 accounts

 

Circular icon with money symbol in the center.

Compound interest credited quarterly

 

Paper sheet icon with percentage symbol and calculator.

Quarterly account statements

 

Icon of a sheet with circle graphics.

Annual Summary

 

For more information about the product and interest rates you can contact or visit any of our branches.

HOW TO APPLY

Ready to apply?

Make sure you have the following documents readily available before applying.

 

In addition to your Social Security card, you will also need one valid ID with photo issued by the Government of Puerto Rico, such as:

 

  • Driver's license

  • Passport

  • Military ID

  • Government ID

With these documents in hand, apply here.

 

Start Application
ACCOUNTS THAT COMPLEMENT
Pig-shaped piggy bank with checks next to it.

Enjoy a Visa Infinite debit card with the Preferente account.

 

Learn more

Start Application
Man smiling with laptop in his hands.

Cuenta UNO has no minimum balance.

 

 

 

Learn more

Start Application
Christmas tree star.

Secure your holiday expenses with the Christmas Club account.

 

Learn more

Start Application
FREQUENTLY ASKED QUESTIONS

See FAQs
savings pig next to calculator

Financial Education

Learn to manage your products with FirstBank electronic services

Get to know the tools and services that Digital Banking offer has for you.

Learn more
Ilustración hombre imaginando dinero

Financial Education

What to do if I have an unexpected expense and I don't have money? Know your options

We tell you about some options in the case of having an unexpected expense. Consider them and choose the best for you.

Learn more
illustration thief stealing password

Security

Are banking applications (apps) safe? All you need to know

Keep your information safe from security threats on banking apps.

Learn more

Member FDIC. Only for residents of Puerto Rico. FirstBank offers you several IRAs and investment alternatives. You have the right to obtain detailed information to determine which is the most convenient. 1 Subject to the dispositions established by the Puerto Rico Internal Revenue Code. Consult your tax or financial advisor. Opening minimum deposit: $500. Annual Percentage Yield (APY) is subject to the amount deposited being maintained in the account until maturity. Withdrawals made before the account matures incur penalties. Penalties for early withdrawal: 1 year term: 3 months of interest; 3-year term, 6 months of accrued interest or the total of accrued and/or paid interest, whichever is less on the principal of the interest rate that the IRA has been at since its opening or last renewal, whichever occurred last. Transfer fee to another institution: $50. Fees may reduce earnings on the account. Opening deposit, APY, and penalties may vary depending on the term of the IRA. Refer to the product disclosures provided at account opening. OCIF Lic. # 31.

Thanks for your visit. We use cookies in order to provide a better experience.  Read our policy. 

You’re about to leave 1FirstBank.com and visit a third-party website. This third-party web page contains and is subject to terms of use, conditions and privacy policies that are not those of FirstBank Puerto Rico. When you visit third-party websites, you acknowledge and agree that FirstBank Puerto Rico is not responsible for the products, services, contents, security and/or information that is shown and/or offered on the third-party website you’re about to visit.


To continue, press 'Accept'. If you do not wish to visit the third-party website, close this window or press 'Cancel'. Thank you!

Accept