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IRA Passbook

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​​​​​​​​​​​​​​​​​​​​​​​​Flexibility meets convenience

IRA account with passbook that lets you​ make automatic contributions easily from your FirstBank checking or savings account with IRA Faxil​​​​.


Here’s what it has to offer:

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

  • Compounded interest is credited quarterly.

  • Contributions are tax deductible.2

  • Quarterly account statements.

  • Access to account information through Online Banking.

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

  • Withdrawals done before expiration date are subject to penalties.3

  • Minimum contribution amounts of $40.00.4​​​​

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 imposed by the Internal Revenue Code of Puerto Rico. Consult with your financial or tax consultant. 2 Up to the limit allowed by the disposition of the Internal Revenue Code of Puerto Rico. 3 Penalties for early withdrawal: 1 year term: 30 days of accrued or earned interest, or the total interest accrued and/or earned (whichever is less) from the principal at the interest rate of the IRA account since the opening date or last renewal; whichever occurred last. 4 Minimum opening deposit of $40.00 with IRA FAXIL; without IRA FAXIL the minimum opening deposit is $100.00. The annual percentage yield (APY) is subject to that the amount deposited in the account is maintained until maturity. Fee for transfers to other institutions: $30. The opening deposit, the APY and penalties vary depending on the term of the IRA Passbook. 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 imposed by the Internal Revenue Code of Puerto Rico. Consult with your financial or tax consultant. 2 Up to the limit allowed by the disposition of the Internal Revenue Code of Puerto Rico. 3 Penalties for early withdrawal: 1 year term: 30 days of accrued or earned interest, or the total interest accrued and/or earned (whichever is less) from the principal at the interest rate of the IRA account since the opening date or last renewal; whichever occurred last. 4 Minimum opening deposit of $40.00 with IRA FAXIL; without IRA FAXIL the minimum opening deposit is $100.00. The annual percentage yield (APY) is subject to that the amount deposited in the account is maintained until maturity. Fee for transfers to other institutions: $30. The opening deposit, the APY and penalties vary depending on the term of the IRA Passbook. Lic. OCIF #31​