Earn a fixed return according to the term you select with an IRA CD.

Growth icon with percent symbol.

Interest rate and annual percentage yield guaranteed for the term of the CD

 

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Maturity terms of 1, 2, 3, and 5 years1

 

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Additional income to your Social Security or other retirement plans once you qualify2

 

Icon of a clock aside a dollar symbol.

Contributions are deductible from your income tax return3

 

Hand with coins icon.

Compounded interest credited quarterly according to the term of your account

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Quarterly account statements

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Annual summary

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.

 

ACCOUNTS THAT COMPLEMENT EACH OTHER
Pig-shaped piggy bank with checks next to it.

Enjoy a Visa Infinite debit card with the Preferente account.

 

Learn more

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Cuenta UNO has no minimum balance.

 

 

 

Learn more

Christmas tree star.

Secure your holiday expenses with the Christmas Club account.

 

Learn more

FREQUENTLY ASKED QUESTIONS

 

An IRA is an Individual Retirement Account.

 

An IRA account allows you to save money for retirement, thus complementing your Social Security income.  In addition, it gives you a tax benefit.

 

Yes, the maximum contribution per individual is $5,000, and $ 10,000 per couple.

 

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.

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.

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.

 

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 Penalties for early withdrawal: 1 year CD IRA, 3 months of interest; 2, 3, and 5-year CD IRAs, 6 months of accrued interest or the total of accrued and/or paid interest, whichever is less on the principal of the interest rate of the IRA since its opening or last renewal, whichever occurred last. Minimum opening deposit and minimum balance to obtain APY on 1, 2, and 3-year CD IRAs: $500. Minimum opening deposit and minimum balance to obtain APY on 5-year CD IRAs: $1,000.00. Transfer fee to another institution: $50. Fees may reduce earnings on the account. Annual percentage yield is subject to the amount deposited being maintained in the account until maturity. Penalties apply for early withdrawal. The opening deposit, APY, and penalties may vary depending on the term of the IRA CD. Refer to product disclosures provided at account opening. 2 Subject to the distribution limitations provided by the Puerto Rico Internal Revenue Code. Consult your tax or financial advisor. 3 Up to the limit allowed by the provisions of the Internal Revenue Code. OCIF Lic. # 31.

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