Sweep and Savings Yields

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UBS Financial Services Inc. (“UBS" or “we”) offers access to a wide range of deposit options at our affiliate bank, UBS Bank USA (“UBS Bank”). Clients may manage their liquidity need through participation in UBS cash sweep programs and enrollment in savings products, such as UBS Bank USA Core Savings (“UBS Core Savings”) and certificates of deposit issued by UBS Bank.

The current annual percentage yield (“APY”) for UBS cash sweep programs and UBS Core Savings are noted below. APY is an annualized rate that measures the total amount of interest paid on deposits based on the interest rate and the frequency of compounding. Interest paid on deposits is tiered based on the total amount of eligible deposits in a Marketing, SEP, SIMPLE, or Qualified Plan Relationship as defined in the Agreements and Disclosures booklet. APY is variable and subject to change at any time.

Information about FDIC Insurance
Your deposits at UBS Bank and other banks participating in UBS cash sweep programs (collectively, “Program Banks”), except as noted below, are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per depositor for each insurable ownership capacity in which the deposit is held. The Program Banks in UBS cash sweep programs are described in the applicable sections of this page. Please note that FDIC deposit insurance only covers the failure of an insured bank. UBS is not an FDIC-insured bank. Certain conditions must be satisfied for deposit insurance coverage to pass through to clients’ funds placed by UBS at FDIC-insured banks. Balances in deposit accounts at UBS Bank and other Program Banks are not eligible for protection by the Securities Investor Protection Corporation (“SIPC”).

UBS Cash Sweep Programs

UBS offers two cash sweep programs to automatically deposit available cash balances in eligible UBS accounts into interest-bearing accounts at UBS Bank or other Program Banks on a daily basis.

  • UBS FDIC-Insured Deposit Program. Available cash balances in retail trust accounts will be swept daily up to $249,000 or $498,000 for joint accounts (“Deposit Limit”) to a deposit account at each Program Bank in the order in which the banks are listed at ubs.com/bankprioritylists(PDF, 123 KB). UBS Bank is the first bank on the list. Once the Deposit Limit has been reached at each Program Bank, any excess funds will be swept to UBS Bank without limit. The bank list is subject to change at any time.
  • UBS Bank Sweep Programs. These programs are subdivided into three:
    • UBS Insured Sweep Program. Available cash balances in most retail and business accounts will be swept daily up to the Deposit Limit to a deposit account at each Program Bank in the order in which the banks are listed at ubs.com/bankprioritylists(PDF, 123 KB). UBS Bank is the first bank on the list. Once the Deposit Limit has been reached at each Program Bank, any excess funds will be swept to UBS Bank without limit. The bank list is subject to change at any time.
    • UBS Deposit Account Sweep Program (“Deposit Program”) and UBS Business Account Sweep Program (“Business Program”). Available cash balances in advisory retirement accounts and discretionary plan participant accounts will be swept daily to a deposit account at UBS Bank through the Deposit Program or the Business Program, as applicable. Certain UBS accounts that enrolled in the Deposit Program or the Business Program before November 18, 2019 sweep to UBS Bank up to $250,000 or $500,000 for joint accounts, with excess funds swept to UBS AG, Stamford Branch without limit. Deposits held at UBS AG, Stamford Branch are not insured by the FDIC, SIPC, or any governmental agency of the United States, Switzerland, or any other jurisdiction.

For more information about UBS cash sweep programs, please see UBS FDIC-Insured Deposit Program Disclosure Statement(PDF, 265 KB) and UBS Bank Sweep Programs Disclosure Statement or contact your Financial Advisor.

Programs

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Exclusion from UBS Cash Sweep Programs:

Certain UBS accounts, such as 403(b) plans, qualified pooled plans, and corporate cash management accounts, are not eligible for the cash sweep programs and instead sweep into a money market fund. Sweeps in money market funds are covered by the SIPC. Money market fund sweeps are not FDIC-insured, not a deposit, and may lose value.

UBS Core Savings

UBS Core Savings can help UBS clients earn a competitive yield on their short-term cash while keeping their long-term investment strategy on track. You may make an initial minimum $100 deposit from an eligible UBS account into UBS Core Savings, and subject to availability, into a limited-time promotional rate for UBS Core Savings. Each withdrawal from UBS Core Savings in excess of five per month is subject to a $25 fee (may reduce earnings), or depending on your UBS account type, may result in liquidation of your entire UBS Core Savings balance. For more information about UBS Core Savings, please see UBS Bank USA Core Savings Disclosure Statement(PDF, 292 KB) or contact your Financial Advisor.

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