IRA Exenta Popular (Tax Exempt)

  • Fixed rate
  • Principal and interest rates secured by FDIC
  • Interests earned are tax exempt
  • Minimum initial deposit $500
  • Available terms 3 years

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.
  • The penalty charges for withdrawals or cancellations before maturity are equivalent to 180 day interest. Penalties from the Treasury Department may apply.
  • Once the instrument is opened, no additional deposits or withdrawals are allowed prior to the maturity date.
  • 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. There are no grace periods for renewals.
  • 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.

Product offered by Banco Popular de Puerto Rico.

Want to open your IRA now? Call TeleBanco Popular®. 

787-724-3650 (PR) o 787-724-3659 (US / USVI).
Monday to Friday 8am to 7pm, Saturday 8am to 5pm. Sunday close.

For additional information call TeleBanco Popular®.

787-724-3650 (PR) or 787-724-3659 (US / USVI).

Available 24/7.