en Doral eres parte d.

Choose the IRA that best fit your future plans.

IRA Doral

Prepare for retirement, save in tax return or just make a safe investment by opening one of our IRA accounts. In Doral we want your money to grow.

benefit from:

  • a minimum opening balance of $1,000
  • a guaranteed fixed interest rate credited to your account quarterly
  • your annual percentage yield (APY) will not change as long as you maintain your balance during the term of the deposit1
  • tax deductible2
  • choosing from multiple terms: 1, 2, 3, 4 or 5 years3

EDU IRA Doral

Whether you are a parent, tutor or legal guardian, get ready to pay for your child's college education by opening an EDU IRA Doral.

benefit from:

  • opening it with $500
  • the convenience of having the interest earned over your daily balance be credited to your account on a monthly basis
  • annual percentage yield (APY) will not change as long as you maintain your balance during the term of the deposit¹
  • tax deductible2
  • choosing from multiple terms: 1, 2, 3, 4 or 5 years3

Savings for your IRA

Visualize your retirement with this club which will allow you to establish a savings plan before you open an IRA account4.

benefit from:

  • opening it with $10
  • saving up to $5,000
  • pays interest
  • with automatic transfers you cans save quickly and easily
  • have the option to receive your savings through a check or be transferred to your checking or savings account
  1. Products available only for individuals. IRA Doral and EDU IRA Doral invest in certificates of deposit insured by the FDIC. Annual percentage yield (APY) guaranteed while the amount deposited maintains the same until maturity. Offer valid for accounts that are open or renewed between March 17th and April 30th, 2014 for taxable year 2013 and 2014 for a term of 3 years for the IRA Doral and Edu IRA Doral products. Other rates may apply for other terms. IRA Accounts that have been automatically renewed will not be eligible. For rollover offers from different institutions, the funds must be received on or before May 31st, 2014. The IRA account from another institution must mature on or before May 31st, 2014. The client must fill out the Transfer Request on or before April 30th in order to be eligible for the rates on this offer. Offer valid from March 17th to Aprlil 30th, 2014.
  2. For the IRA Doral the maximum amount deductible per individual for the taxable year 2013, will be of $5,000, or in case of married individuals that fill jointly their income tax return the maximum amount deductible will be of $10,000 according to the IRS. A 10% tax penalty will apply if missing any of the conditions permitted by the Treasury Department of Puerto Rico. In the Case of EDU IRA, the maximum amount deductible for any individual for the taxable year of 2013 will be of $500 per beneficiary. Certain terms, conditions and restrictions apply. Request the IRA disclosure document before making an investment.
  3. Certain penalties apply if you retire your IRA before maturity, and could affect the account's performance: 1 year IRA Doral: six (6) months of interest over the principal's balance; 2 year IRA Doral: nine (9) months of interests over the principal's balance; 3 year IRA Doral: twelve (12) months of interest over the principal's balance; 4 or 5 year IRA Doral: one and a half (1½) interest over the principal's balance; EDU IRA: one hundred and eighty (180) days of interest over the principal's blance or the interest accumulated during retirement before maturity, whatever is less.
  4. No partial withdrawals allowed. If account is closed before maturity date, the interest earned will not be credited to the accountand a $10.00 service fee will apply. The account cycle lasts from April 1st until March 31. Payment of interest subject to maintain a minimum daily balance of $1.00. The interest you accumulate is computed over your daily balance, and is credited on the maturity date. Upon the maturity date, if you choose to have the balance transferred to a Doral Bank checking or savings account, no charges will apply. If you choose to receive a check at the end of the cycle, there will be a $2.00 processing fee.
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. ©2014 Doral Financial Corporation. All Rights Reserved.