IRA Savings account lets you make automatic contributions easily from your FirstBank checking or savings account with the IRA Fácil service.

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Additional income to your Social Security or other retirement plans once you qualify1


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Compounded interest credited quarterly


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Contributions are deductible from your income tax return2


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Quarterly account statements


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Annual summary


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Annual Percentage Yield (APY) is subject to maintaining the deposited amount in the account until maturity


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Withdrawals made before account maturity are subject to penalties3


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Requires a minimum opening deposit4



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

  • Other photo IDs

With these documents in hand, apply here.


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Enjoy a Visa Infinite debit card with the Preferente account.


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Cuenta UNO has no minimum balance.




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Secure your holiday expenses with the Christmas Club account.


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The minimum contribution to open an IRA Savings account is $40 with IRA Fácil or $100 without IRA Fácil.4


IRAs allow you to save money for your retirement, thus complementing your Social Security income. In addition, it gives you a tax benefit.


The IRA and CD accounts both allow you to save money for your future. The IRA gives you a tax benefit. The CD account is a deposit account with a defined term.

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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. 1 Subject to the distribution limitations imposed by the Internal Revenue Code of Puerto Rico. Consult with your financial or tax consultant.  2Up to the limit allowed by the disposition of the Internal Revenue Code of Puerto Rico. 3Penalties 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. 4Minimum opening deposit of $40.00 with IRA Fácil; without IRA Fácil the minimum opening deposit is $100.00. IRA Fácil is a service that allows funding an IRA by automatically debiting the desired amount from a deposit account at FirstBank or at another financial institution free of charge. Debits can be made bi-weekly or monthly. On the other hand, the annual percentage yield (APY) is subject to the amount deposited in the account and is maintained until maturity. Fee for transfers to other institutions: $50. Fees may reduce earnings on the account. Refer to the product’s disclosures that are provided at the moment of opening the account. Lic. OCIF #31​

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