Deductible IRA
Deductible IRAs allow you to save now but you will have to pay later. They are tax exempt the year you open them but you will have to pay contributions for the money in the year you withdraw it.
Which type of deductible IRA do you prefer?
Fixed Return IRAs
I want my contributions and interest to be insured and guaranteed. I prefer interest at a fixed rate that will not fluctuate according to market conditions.
IRA Regular
- Fixed rate.
- Principal and interest rates secured by FDIC.
- Minimum initial deposit $500.
IRA Exenta Popular (Tax Exempt)
- Fixed rate.
- Interest earned is tax exempt.
- Principal and interest rates are insured by the FDIC.
IRA Flexible Popular
- Fixed rate for one year
- Interests earned are tax exempt
- Minimum initial deposit $200
Variable Return IRAs
I want the opportunity to obtain great tax savings or a higher rate of return to maximize my investment. I am willing to make long term investments.
Popular Core Equity Fund IRA & Popular Total Return Fund IRA *
- Minimum initial contribution: $3,000
- No maturity or end period
- Opportunity to obtain long-term capital growth
Stock Market IRA
- Pursue higher performance; the interest generated is based on the Standard and Poor's 500 Index.
- Minimum initial deposit $500.
- Principal is insured by the FDIC.
Popular Tax Exempt Trust Fund*
- Trust Fund that invests primarily in fixed-income securities.
- Offers tax-exempt interest.
- Allows additional contributions throughout the year.
Popular Balanced IRA*
- Trust Fund that invests in shares and bonds of companies in Puerto Rico and United States.
- Minimum initial deposit $500.
- Additional contributions $100 minimum.
Member FDIC. Member of the Federal Reserve System. IRA accounts are available only for current residents of the Commonwealth of Puerto Rico. Banco Popular offers various investment alternatives. Please obtain additional information to determine the alternative that best suits your needs. IRA accounts requested through popular.com® must be paid through an electronic debit. The debit will be processed once the documents required to open an account are submitted. Payments in cash, checks or money orders will only be accepted at Banco Popular branches.
Certain fees and restrictions apply. Banco Popular offers various investment alternatives. Obtain more information to determine which one is best for you.
