Education Savings Account1
Open your IRA today and take control of your financial future.
Open your IRA at your nearest branch. Call us at 787-766-4999 or 1-877-766-4999 for additional information.
Only for residents of Puerto Rico. Withdrawals may be subject to a 10% penalty from the Departamento de Hacienda. Consult a financial advisor. 1 Request the disclosure for detailed information on service fees, interest rates, and other terms. Charges and penalties for early redemption may affect yield. Penalties for early redemption and/or withdrawals: No interest will be paid if you early withdraw your IRA during the first 364 days after opened / renewed. 50% of the agreed interest rate will be paid if you early withdraw your IRA during the days 365 and 1095 after opened / renewed. 75% of the agreed interest rate will be paid if you early withdraw your IRA any time after 1095 days. Service fees: $50 per transfer to another institution; $20 for cash-out or partial withdrawal and distribution of the account. 2 Applies to Fiscal Year 2017.
Minimum deposit of $500
100% deductible from your Income Tax Return
FDIC insured up to $250,000