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IRA Doral

Prepare for retirement, save to pay for the education of your children or just make a safe investment by opening one of our IRA accounts. In Doral we want your money to grow.

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benefit from:

  • opening it with $1,000
  • knowing that the interest rate and annual percentage yield (APY) will not change during the term of the deposit¹
  • tax deductible instrument²
  • a guaranteed fixed interest rate and the interest earned credited to your account every three months, without risks to your principal
  • choosing from multiple terms: 1, 3 or 4 years
  • IRA accounts invest in certificates of deposit insured by the FDIC. Annual percentage yield (APY) is guaranteed only if the deposited amount is maintained until its maturity. Interest is computed from the average daily balance and credited to the account quarterly.
  1. Annual percentage yield (APY) is guaranteed only if the deposited amount is maintained until its maturity. Interest is computed from the average daily balance and credited to the account quarterly. If the certificate of deposit in which your IRA is invested is cancelled before its maturity, penalties provided by law will apply plus the following penalties:
    1. Certificate of deposit for 1 year term: 180 days of interest.
    2. Certificate of deposit for a 3 year term: 1 year of interest.
    3. Certificate of deposit for a 4 year term: 18 months of interest.
    This penalties can affect the principal.
  2. The maximum deductible amount for individuals for 2010 is $5,000 or in case of married couples that fill jointly their income tax return is $10,000, accordingly to IRS. This account has other characteristics. Request disclosure document before investing.
The insurance products are not a deposit, not insured by the FDIC, not insured by any Federal Government Agency, not guaranteed by the bank or an affiliate, and may go down in value.