IRA Flexible Popular

 
 
  • Fixed rate for one year
  • Principal and interest rates secured by FDIC
  • No expiration date
  • No bank penalty
  • Interests earned are tax exempt
  • Minimum initial deposit $200

Additional Information

  • Interest is computed each day using daily balance and is accredited monthly.
  • The method used to compute interest is the daily balance. This method applies the daily periodic rate to the principal in the account each day.
  • Penalties from the Treasury Department may apply.
  • Minimum additional deposits: $100 at any branch or $25 through the IRA Ahorro service.
  • If deposits are made or accounts opened using non-cash items (i.e. checks), interest begins to accrue on the business day on which the transaction takes place.
  • It is renewed automatically at maturity for the same term for and the current interest rate at that time.
  • Processing fee is $5 per instrument on withdrawals, cancellations and returns for excess of contributions; and $50 per instrument for rollovers to an eligible institution.
  • Deposit Instruments that are subject to legal process or garnishment, or to a request to hold or turn over your funds which are received from a Governmental Authority (including but not limited to the Department of the Treasury and the Federal Internal Revenue Service) or through court order , a fee of : $50 may apply.
  • Please refer to the Banco Popular IRA Description and Disclosure Form for more information concerning, among other things, how the interest is calculated.

For additional information call TeleBanco Popular®.

787-724-3659

Available 24/7.

1Member FDIC. Member of the Federal Reserve System. Product offered by Banco Popular de Puerto Rico. IRA accounts are only available for current residents of the Commonwealth of Puerto Rico. Banco Popular de Puerto Rico offers various investment alternatives for IRA accounts. You may obtain detailed information at any of our branches to determine which investment alternative is most convenient for you.