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First Roth IRA

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​​​​​​Enjoy a tax-​free future.

The only IRA account that allows, once you’ve reached the age of 60, to receive the distributions of your contributions as well as the increase in the contributed amount1, all tax exempt!


Here’s what it has to offer:


  • Additional income to your Social Security or other retirement benefit plans once you retire.1

  • Opening deposit: $500.

  • Quarterly account statements.

  • Access to account information through Online Banking.

  • The annual contributions to the First Roth IRA are not deductible from your income on your tax return for any specific year.

  • Annual Percentage Yield (APY) is subject to maintaining the deposited amount in the account until the expiration date.

  • Withdrawals made before expiration date are subject to penalties.2

Open now! or
Call Us 1.866.695.2511

Member FDIC. Only for residents of Puerto Rico. FirstBank offers different IRA accounts and investment alternatives. You have the right to obtain detailed information to determine which is the most convenient IRA account for you. Refer to the product’s disclosures that are provided at the moment of opening the account. 1 Subject to the distribution limitations of the Internal Revenue Code of Puerto Rico. Consult with your financial or tax consultant. 2 Penalties for early withdrawal: 1 year term: three months of the interest paid or accrued or total interest accrued or paid, whichever is less; Roth IRA of three (3) year-term: six month payment of interest accrued or earned, or the total interests accrued and/or earned (whichever is less) from the principal at the interest rate of the IRA since the opening date or last renewal date, whichever occurred last. Minimum opening deposit and minimum balance to obtain the APY for the Roth IRA of 1 year and 3 years: $500. Interest are compounded and credited quarterly to the account. Fee for transfers to other institutions: $30. Please refer to the product disclosure provided during the opening of the account. The opening deposit, the APY and penalties vary depending on the term of the Roth IRA. Lic. OCIF #31​

Member FDIC. Only for residents of Puerto Rico. FirstBank offers different IRA accounts and investment alternatives. You have the right to obtain detailed information to determine which is the most convenient IRA account for you. Refer to the product’s disclosures that are provided at the moment of opening the account. 1 Subject to the distribution limitations of the Internal Revenue Code of Puerto Rico. Consult with your financial or tax consultant. 2 Penalties for early withdrawal: 1 year term: three months of the interest paid or accrued or total interest accrued or paid, whichever is less; Roth IRA of three (3) year-term: six month payment of interest accrued or earned, or the total interests accrued and/or earned (whichever is less) from the principal at the interest rate of the IRA since the opening date or last renewal date, whichever occurred last. Minimum opening deposit and minimum balance to obtain the APY for the Roth IRA of 1 year and 3 years: $500. Interest are compounded and credited quarterly to the account. Fee for transfers to other institutions: $30. Please refer to the product disclosure provided during the opening of the account. The opening deposit, the APY and penalties vary depending on the term of the Roth IRA. Lic. OCIF #31​