Attractive fixed rate of return
Interest rate and annual percentage yield guaranteed for the term of the IRA
Can provide additional income beyond Social Security or other retirement plans once you retire1
Available maturity terms up to 5 years
Contributions may be tax deductible
Interest compounded daily
In addition to your Social Security card, you will also need one valid photo ID issued by the United States Government, such as:
Permanent Resident ID
With these documents in hand, visit one of our branches.
An IRA account is an Individual Retirement Account.
All you need is $100 to open an IRA. IRAs allow you to save money for your retirement, complementing your social security income. In addition, it gives you a tax benefit.
All your contributions are tax deductible and earn compounded interests. So, when you retire you can use the money. There are restrictions and penalties.
Yes, the maximum contribution per individual is $5,000 and $10,000 per couple.
Member FDIC. Only for residents of Florida. 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 time of opening the account. Interest rate and annual percentage yield is based on maintaining the deposited amount in the account until the maturity date. Withdrawals made prior to the maturity date are subject to penalties. 1 Consult your financial advisor.
Product and services available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico.