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IRA CD
Routing number: 221571473
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Earn a fixed return according to the term you select with an IRA CD.
Maturity terms of 1, 2, 3, and 5 years
Additional income to your Social Security or other retirement plans once you qualify1
Contributions are deductible from your income tax return2
Compounded interest credited quarterly according to the term of your account
Quarterly account statements
Annual summary
Withdrawals made before account maturity are subject to penalties3
For more information about the product and interest rates you can contact or visit any of our branches.
HOW TO APPLY
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:
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Driver's license
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Passport
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Military ID
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Government ID
With these documents in hand, apply here.
ACCOUNTS THAT COMPLEMENT EACH OTHER
FREQUENTLY ASKED QUESTIONS
An IRA is an Individual Retirement Account.
An IRA account allows you to save money for retirement, thus complementing your Social Security income. In addition, it gives you a tax benefit.
Yes, the maximum contribution per individual is $5,000, and $ 10,000 per couple.
Member FDIC . Only for residents of Puerto Rico. FirstBank offers you several IRAs and investment alternatives. You have the right to obtain detailed information to determine which is the most convenient. 1Subject to the distribution limitations provided by the Puerto Rico Internal Revenue Code. Consult your tax or financial advisor. 2Up to the limit allowed by the provisions of the Internal Revenue Code. OCIF Lic. # 31. 3 Penalties for early withdrawal: 1 year CD IRA, 3 months of interest; 2, 3, and 5-year CD IRAs, 6 months of accrued interest or the total of accrued and/or paid interest, whichever is less on the principal of the interest rate of the IRA since its opening or last renewal, whichever occurred last. Minimum opening deposit and minimum balance to obtain APY on 1, 2, and 3-year CD IRAs: $500. Minimum opening deposit and minimum balance to obtain APY on 5-year CD IRAs: $1,000.00. Transfer fee to another institution: $50. Fees may reduce earnings on the account. Annual percentage yield is subject to the amount deposited being maintained in the account until maturity. Penalties apply for early withdrawal. The opening deposit, APY, and penalties may vary depending on the term of the IRA CD. Refer to product disclosures provided at account opening.