Sweep and Savings Yield
Your UBS securities account provides a feature that “sweeps” available cash balances from your account into one or more deposit accounts or money market funds on a daily basis. To determine which sweep options are available to you, please see the Account Information and Disclosures (if applicable) or contact your Financial Advisor. The yields for the various sweep options are provided below.
If eligible, your UBS securities account allows you to deposit into the UBS Bank USA Core Savings and/or UBS Bank USA Core Savings — Promotional products, based on availability. To determine which Savings Product is available to you, please see the UBS Bank USA Core Savings Disclosure Statement or contact your Financial Advisor. The yields for the UBS Core Saving products are provided below.
Table 1 — UBS Bank USA Deposit Account Yields
Interest paid on a deposit account at UBS Bank USA is tiered based on the total amount of eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship at calendar month-end. (See UBS Bank Sweep Programs Disclosure Statement
for information on eligible deposits, tiers, Marketing, SEP, SIMPLE or Qualified Plan Relationships.)
Balances in deposit accounts at UBS Bank USA are eligible for insurance by the Federal Deposit Insurance Corporation (FDIC) of up to $250,000 per account owner, in accordance with FDIC rules. Balances in deposit accounts at UBS Bank USA are not eligible for protection by the Securities Investor Protection Corporation (SIPC). Please visit www.fdic.gov for more information about FDIC insurance.
Table 2 — UBS Bank USA Business Account Yields
Interest paid on a business account at UBS Bank USA is tiered based on the total amount of eligible deposits in a Marketing Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing Relationship at calendar month-end. (See UBS Bank Sweep Programs Disclosure Statement for information on eligible deposits, tiers and Marketing Relationships.)
Balances in deposit accounts at UBS Bank USA are eligible for insurance by the Federal Deposit Insurance Corporation (FDIC) of up to $250,000 per account owner, in accordance with FDIC rules. Balances in deposit accounts at UBS Bank USA are not eligible for protection by the Securities Investor Protection Corporation (SIPC). Please visit www.fdic.gov for more information about FDIC insurance.
Table 3 — UBS AG Deposit Account Yields
Interest paid on a deposit account at UBS AG, Stamford Branch is tiered based on the total amount of eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship at calendar month-end. (See UBS Bank Sweep Programs Disclosure Statement for information on eligible deposits, tiers, Marketing, SEP, SIMPLE or Qualified Plan Relationships.)
Balances in deposit accounts at UBS AG, Stamford Branch are not eligible for Federal Deposit Insurance Corporation (FDIC) insurance or protection by the Securities Investor Protection Corporation (SIPC).
Table 4 — UBS FDIC Insured Deposit Program
Interest paid on balances held in the UBS FDIC Insured Deposit Program is tiered based on the total amount of eligible deposits in a Marketing Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing Relationship at calendar month-end. (See UBS FDIC-Insured Deposit Program Disclosure Statement for information on eligible deposits, tiers, and Marketing Relationships.)
Balances in deposit accounts at participating banks in the UBS FDIC Insured Deposit Program are eligible for insurance by the FDIC of up to $250,000 per bank per owner. Balances in deposit accounts in this program are not eligible for protection by the Securities Investor Protection Corporation (SIPC). Please visit www.fdic.gov for more information about FDIC insurance.
Table 5 — Money Market Funds and Other Sweep Yields
Table 6 — UBS Insured Sweep Program
Table 6 — UBS Insured Sweep Program
Interest paid on balances held in the UBS Insured Sweep Program is tiered based on the total amount of eligible deposits in a Marketing Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing Relationship at calendar month-end. (See UBS Bank Sweep Programs Disclosure Statement for information on eligible deposits, tiers and Marketing Relationships.)
Balances in deposit accounts at participating banks in the UBS Insured Sweep Program are eligible for insurance by the FDIC of up to $250,000 per bank per owner. Balances in deposit accounts in this program are not eligible for protection by the Securities Investor Protection Corporation (SIPC). Please visit www.fdic.gov for more information about FDIC insurance.
Table 7 — UBS Bank USA Core Savings Yields
UBS Bank USA Core Savings is available only if you have a securities account with UBS Financial Services Inc. and is available only to individuals, nonprofit entities, business entities and U.S. governmental entities. Rates and rate tiers may change at any time without prior notice. Each withdrawal in excess of five per month is subject to a $25 fee. Fees could reduce earnings on the Savings Product.
Interest paid on UBS Bank USA Core Savings deposits is tiered based on the total amount of eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship. A client’s tier is generally determined by the value of his or her eligible deposits in a Marketing, SEP, SIMPLE or Qualified Plan Relationship at calendar month-end. (See UBS Bank USA Core Savings Disclosure Statement for information on eligible deposits, tiers, Marketing, SEP, SIMPLE or Qualified Plan Relationships.)
Funds on deposit at Bank USA are eligible for deposit insurance from the FDIC up to $250,000 (including principal and accrued interest) for each insurable capacity in which you hold your Securities Account (e.g., individual, joint, IRA). Balances in deposit accounts at UBS Bank USA are not eligible for protection by the Securities Investor Protection Corporation (SIPC). Please visit www.fdic.gov for more information about FDIC insurance.
Table 8 — UBS Bank USA Core Savings Promotional Yields
UBS Bank USA Core Savings Promotional is available only if you have a securities account with UBS Financial Services Inc. and is available only to individuals, nonprofit entities, business entities and U.S. governmental entities. Rates and rate tiers may change at any time without prior notice. Each withdrawal in excess of five per month is subject to a $25 fee. Fees could reduce earnings on the Savings Product. UBS Bank USA Core Savings Disclosure Statement
Promotional rate ends on May 5, 2023.
The promotional rate is effective after you deposit $1,000 or more from your UBS account into UBS Bank USA Core Savings. Existing clients must deposit $1,000 or more from sources outside of UBS. Deposits must be received before April 28, 2023, to be eligible for the promotional rate. At the end of the promotional period, interest rates will be tiered based on your eligible deposits in a Marketing Relationship. UBS Bank USA reserves the right to terminate the offer on new deposits at any time.
The annual percentage yield quoted is valid during the promotional period. Upon expiration, interest will be applied based on interest tiers noted under Table 7. Funds on deposit at Bank USA are eligible for deposit insurance from the FDIC up to $250,000 (including principal and accrued interest) for each insurable capacity in which you hold your Securities Account (e.g., individual, joint, IRA). Balances in deposit accounts at UBS Bank USA are not eligible for protection by the Securities Investor Protection Corporation (SIPC). See https://www.fdic.govLink to FDIC website for more information for more information about FDIC insurance.
Important Disclosures for Table 5 above
Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than the performance data quoted. Yields will vary.
You could lose money by investing in a money market fund. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, a fund cannot guarantee it will do so. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A money market fund's sponsor has no legal obligation to provide financial support to a money market fund, and you should not expect that the fund's sponsor will provide financial support to a money market fund at any time.
Mutual funds are sold by prospectus,which includes more complete information on risks, charges, expenses and other matters of interest. Investors should read the prospectus carefully before investing. For more information contact your Financial Advisor.
Not FDIC-insured. May lose value. No bank guarantee
UBS Asset Management (US) Inc. is the principal underwriter for the money market funds.
Due to changes in legislation, UBS is required to register the Puerto Rico Short Term Investment Fund, Inc. (the Fund) as an investment company under the U.S. Investment Company Act of 1940. In connection with this process, effective May 13th, 2021 new investments in the Fund have been suspended. Existing balances in the Fund will remain in the Fund and will continue to earn any declared dividends. In addition, clients with existing balances in the Fund will continue to have access to those balances.
Definition of Terms
7-Day Current Yield for Money Market Funds — The 7-Day Current Yield is based on a recently ended seven-day period. It is computed by determining the net change, exclusive of capital changes, in the value of a hypothetical pre-existing account having a balance of one share at the beginning of the period, then subtracting a hypothetical charge reflecting deductions from that shareholder account, then dividing the difference by the value of the account at the beginning of the base period to obtain the base period return and then multiplying the base period return by (365/7), with the resulting yield figure carried to at least the nearest hundredth of one percent.
Annual Percentage Yield (APY) — APY measures the total amount of interest paid on an account based on the interest rate and the frequency of compounding. The annual percentage yield is expressed as an annualized rate, based on a 365- or 366-day year (as applicable).
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