Investments
    Retirement
    Asset Protection
Diversified Growth IRA
Our IRA accounts will give you the serenity of knowing you can count on that solid future you’ve always dreamed of. Here’s all you need to know about our Diversified Growth IRA (DGI).
What do you want?
  • Higher, long term return
  • Diversify my investments
How does it work?
  • Only $500 to open
  • It is a collective Fund of IRA accounts that invests in bonds, capital stocks and assets in general. The Fund investment portfolio is run by a prestigious group of advisors, better known as Money Managers, who work to maximize the Fund growth potential. (See FactSheet)
  • Average-to-aggressive, long-term investment. Not recommended if you plan to withdraw the money before a 5-year’s time.
  • 5-year term.
  • Not insured by the FDIC.
Benefits
  • The DGI Trust may invest up to 33% in U.S. securities (stocks and bonds) and 67% must be invested in Puerto Rico securities, thus diversifying the Fund.
  • DGI offers:
    • Stability: Invests in Puerto Rico government bonds.
    • Higher return potential: Invests in stocks from U.S. corporations.
    • Local investment: Invests in Puerto Rico corporations’ capital stocks.
  • Available options: deductibles, Non-Deductibles (ROTH) and by Installments.
  • Monthly account statement
  • Access your account balance through Oriental Online Banking
How to apply

For information and/or to open your IRA account today:

  • Fill out this form and one of our representatives will call you in the next 48 hours.
  • Call or come by any of our branches throughout the Island; or
  • Call the Customer Service Department at 1-800-981-5554.
Disclosures

The FDIC does not insure DGI; they are neither deposits nor obligations of Oriental and are not guaranteed by the bank. They are subjected to investment risks, including the possibility of losing the capital invested. It also bears higher risks due to their using the money lent to leverage their trust asset foundation as Diversified Growth IRA. Ask for a DGI “Prospectus” at any of our financial centers or visit Oriental Financial Services Corp., authorized dealer and member, FINRA/SIPC; and read it carefully before investing.
Charges when withdrawing investment (when the reason to withdraw the money is not turning 60, death, disability or unemployment): 5% of investment during the 1st year; 4% on the 2nd year, 3% on the 3rd year, 2% on the 4th; and 1% on the 5th year. A rollover fee of $54.99 shall be charged per transfer to an IRA account elsewhere. Subject to a 10% penalty on some cases for premature withdrawal. Annual fee: 1.55%, for administrative costs and other services, excluding those charges collected for investment sub-advisory services, or “Money Managers”. This yearly charge is calculated based on the average total assets of the DGI trust.

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