IRA Regular

 
 
  • Fixed rate
  • Principal and interest rates secured by FDIC
  • Minimum initial deposit $500
  • Available terms: 1, 2, 3, 5, 7 and 10 years

Additional Information

  • Once the instrument is opened, no additional deposits or withdrawals are allowed prior to the maturity date.
  • Penalties for withdrawals or cancellations before maturity are the equivalent to180 day interest. Penalties from the Treasury Department may apply.
  • Interest is computed each day using the daily balance and accredited monthly.
  • The method used to compute the interest is the daily balance. This method applies to the account's principal daily periodic rate.
  • 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 in periods of equal duration for 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 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) or 787-724-3659 (US / USVI).
Monday to Friday 8am to 7pm, Saturday 8am to 5pm. Sunday close.