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​​Take advantage of today.

​​​​​​Even if you’re planning on having other incomes, an Individual Retirement Account (IRA) can help you improve your future capital. Open yours today and get the most out of your retirement.​


With a Traditional IRA you can:


  • Realize potential income tax benefits

  • Deduct contributions from your income for tax purposes1

  • Move assets from other retirement programs into your Traditional IRA, tax-free

  • Make withdrawals at any time2

Eligibility:

If you received taxable compensation during the year, and you are not 70 ½ years old by the end of the tax year, you may be eligible to open a Traditional IRA.


To open an account:

Simply visit any of our USVI Branch Locations. Be prepared to provide at least two valid forms of ID, a $2,500 minimum opening deposit, and your Social Security number. Other forms of identification might be requested.

LEGAL USVI

Member FDIC only in the USVI and Puerto Rico. Note: You may have a Traditional IRA whether or not you participate in any other retirement plan. However, you may not be able to deduct all of the contributions if covered by an employer retirement plan. 1 Contributions are deductible up to the limit allowed by the disposition of the Internal Revenue Code. 2 Refer to the Traditional IRA Disclosure, as well as the FirstBank Deposit Account Agreement provided at account opening. Penalties for early withdrawal may apply. Consult with your tax advisor for IRA Tax Rules.​​​


DISCLAIMER OF BVI UNAVAILABILITY

IRA Accounts are not offered in the BVI’s.

LEGAL USVI

Member FDIC only in the USVI and Puerto Rico. Note: You may have a Traditional IRA whether or not you participate in any other retirement plan. However, you may not be able to deduct all of the contributions if covered by an employer retirement plan. 1​ Contributions are deductible up to the limit allowed by the disposition of the Internal Revenue Code. 2 Refer to the Traditional IRA Disclosure, as well as the FirstBank Deposit Account Agreement provided at account opening. Penalties for early withdrawal may apply. Consult with your tax advisor for IRA Tax Rules.


DISCLAIMER OF BVI UNAVAILABILITY

IRA Accounts are not offered in the BVI’s.​​