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Routing Number: 221572838

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:

  • a minimum opening balance of $1,000
  • a guaranteed fixed interest rate and the interest earned credited to your account quarterly, without risks to your principal
  • knowing that the interest rate and annual percentage yield (APY) will not change as long as you maintain your balance during the term of the deposit¹
  • tax deductible instrument²
  • 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
  • knowing that the interest rate and annual percentage yield (APY) will not change as long as you maintain your balance during the term of the deposit¹
  • tax deductible instrument²
  • choosing from multiple terms: 1, 2, 3, 4 or 5 years3
  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.
  2. For the IRA Doral the maximum amount deductible per individual for the taxable year 2012, 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 2012 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 (1) and a half ( ½) 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.
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.