It’s always wise to keep cash on hand for expected and unexpected expenses. It’s even smarter to consolidate your cash and your investments in one place while putting your cash to work so it can generate even more.
By choosing to bring your assets together at UBS, you benefit from a firm that’s strong and secure, so you can feel the same way. And at UBS Bank USA, we have a variety of ways to help your cash earn more while you take advantage of “less”—less paperwork, less to keep track of, less tax reporting—thanks to the simplicity and convenience of one statement and one relationship.
From day-to-day expenses to recurring bill payments, you can keep cash at the ready—while making sure it earns its keep. Available cash balances in the RMA or Business Services Account BSA are automatically “swept” into deposit accounts at UBS Bank USA. Unlike a standard checking account, your cash will earn an enhanced yield along with the safety of FDIC insurance (up to applicable limits). Choose from a wide range of liquidity strategies and benefit from a source of stable assets with competitive rates and the added security of FDIC insurance up to applicable limits.
If you want a higher yield, but with the convenience and flexibility to meet near-term needs or unexpected expenses, UBS Bank USA Core Savings can grow your cash without market or credit risk. Your long-term investment strategy remains on track while you enjoy the safety of FDIC insurance (up to applicable limits1) and earn competitive yields. You’ll also enjoy more flexibility than term deposits, with up to five free withdrawals per month. Additional withdrawals incur a $25 fee and may reduce earnings.