Here you will find IRA accounts for other purposes, such as college education or to receive your IRA account distribution throughout your retirement.

Educational Contributions Accounts (CAE)More details
What do you want?
  • Help with a minor’s college education, such as children, grandchildren, nephews, nieces, etc (eligible beneficiary)
  • Return and short or medium fixed term
  • FDIC insured
IRA FácilMore details
What do you want?
  • Return and a short or medium fixed term
  • Purchase my first house
  • Flexibility when depositing or withdrawing money from the account
  • FDIC insured
IRA a PlazosMore details
What do you want?
  • Contribute a determined amount monthly to open an IRA account at Oriental Group
  • FDIC insured
  • Safety and flexibility
Annuity IRAMore details
What do you want?
  • Enjoy a fixed monthly income during retirement
  • Consolidate IRA accounts to manage in an orderly fashion the distribution of funds saved for retirement
  • FDIC insured

Disclosures

Educational Contributions Accounts, IRA Fácil Only for individual persons. Early withdrawal penalties consist of 365 days of interest on the principal in the account. Also, a 10% tax penalty if withdrawal does not comply with the conditions permitted by the Puerto Rico Treasury Department. Distributions by check will be charged $14.99. Transfers to another institution will be charged $54.99 (does not apply to Educational IRA CD). Request the Informative Statement and the IRA and Educational Contribution Accounts promotions and read them carefully before investing. Request detailed information to determine the IRA that most fits your needs as we officer other types of IRAs.

Annuity IRA Only for individual persons. Early withdrawal penalties consist of a percentage of the principal in the account at the time of cancelation as follows: 3.994% the 1st year; 2.994% the 2nd year; 1.994% the 3rd year; 0% the 4th year. Also, a 10% tax penalty if withdrawal does not comply with the conditions permitted by the Puerto Rico Treasury Department. Request detailed information to determine the IRA that most fits your needs as we officer other types of IRAs.

IRA a Plazo Only for individual persons. Early withdrawal penalties consist of 90 days of interest. To comply with the “penalty” requirements it is possible that deductions to the total balance in the account including principal and interest will be made. Request detailed information to determine the IRA that most fits your needs as we offer other types of IRAs.

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