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 deposit sweep programs and enrollment in savings products, such as UBS Bank USA Core Savings and certificates of deposit issued by UBS Bank.

The current annual percentage yield (“APY”) for UBS deposit sweep programs and UBS Bank USA 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 or QP/SEP/SIMPLE Relationship as defined in the Agreements and Disclosures booklet. APY is variable and subject to change at any time without prior notice.

Information about FDIC insurance. Your deposits at UBS Bank and other banks participating in UBS deposit sweep programs (collectively, “Program Banks”) are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per depositor for each insurable ownership capacity, provided that the requirements for deposit insurance have been met. The Program Banks in UBS deposit sweep programs are described in the applicable sections of this page. You are responsible for monitoring the total amount of deposits at each bank to determine the extent of FDIC deposit insurance coverage. For more information about FDIC insurance, you may visit the FDIC website at fdic.gov/deposit/deposits. Please note that FDIC deposit insurance only covers the failure of an insured bank. UBS Financial Services Inc. is not an FDIC-insured bank. Balances in deposit accounts at UBS Bank and other Program Banks are not eligible for protection by the Securities Investor Protection Corporation (“SIPC”).

UBS Deposit Sweep Programs

* Advisory refers to accounts in the Portfolio Management Program (PMP), Advisor Allocation Program (AAP), Advice Portfolio (AP), Consolidated Advisory Program (CAP), Strategic Wealth Portfolio (SWP), Institutional Consulting (IC), ACCESS and Managed Accounts Consulting (MAC), and Strategic Advisor (SA). All other accounts that sweep in the UBS deposit sweep programs are brokerage accounts.

Deposit sweep balances in advisory accounts established after the 5th business day of the month will accrue interest at the brokerage rate assigned to your tier until the beginning of the next interest period. If the advisory rate for your tier is higher than the brokerage rate, we will credit your account for the difference at the beginning of the next interest period.

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Information about deposit sweep programs. UBS offers two deposit 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, 183 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, business, and retirement 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. 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 retirement accounts, including plan participant accounts, that are managed on a discretionary basis in certain advisory programs will be swept daily to a deposit account at UBS Bank through the Deposit Program or the Business Program, as applicable, without limit.

For more information about UBS deposit sweep programs, please see UBS FDIC-Insured Deposit Program Disclosure Statement(PDF, 299 KB) and UBS Bank Sweep Programs Disclosure Statement or contact your Financial Advisor.

UBS Bank USA Core Savings

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*The promotional APY may change in accordance with the prevailing rate environment during the promotional period. However, the promotional APY will not be lower than the highest tier rate (Tier 6) than in effect for UBS Core Savings. If an adjustment is made, you may obtain the new APY by accessing your account online or contacting your Financial Advisor. The promotional period may also be extended. You may access rates and promotion end dates at ubs.com/coresavings or by contacting your Financial Advisor.

Outside of promotional offer periods, UBS Bank USA Core Savings has a multi-tier rate structure. At the end of a promotional period, variable tiered rates on the deposits in UBS Bank USA Core Savings will apply. Variable tiered rates can be found at ubs.com/coresavings and are subject to change. Interest accrues daily and pays monthly. UBS Bank USA reserves the right to stop accepting new deposits and terminate the offer at any time.

UBS Bank USA and UBS Financial Services Inc. are subsidiaries of UBS Group AG.

About UBS Bank USA
UBS Bank USA is a member of the Federal Deposit Insurance Corporation (FDIC). Funds on deposits at UBS Bank USA are eligible for FDIC insurance up to $250,000 (including principal and accured interest) per depositor for each insurable capacity (e.g., single, joint, etc.) in which the deposit is held. For purposes of FDIC insurance, your deposits will be aggregated with your other deposit balances held in the same insurable ownership capacity at UBS Bank USA, including deposits placed at UBS Bank USA through participation in the UBS FDIC-Insured Deposit Program or the UBS Bank Sweep Programs or through sweep programs offered by third-party broker-dealers, UBS Bank USA Core Savings deposits, and UBS Bank USA certificates of deposit you own. You are responsible for monitoring the total amount of deposits at UBS Bank USA in order to determine the extent of FDIC deposits insurance coverage. For more information about FDIC insurance, please visit the FDIC website at fdic.gov/deposit/deposits.

Your eligibility for a particular sweep program is set forth in the Account Agreements and Disclosures, which may be viewed at ubs.com/accountdisclosures. Depending on the particular sweep program, the available cash balances in your/your client’s securities account at UBS Financial Services Inc. (“UBS”) will be automatically deposited into deposit accounts at (i) UBS Bank USA, a Federal Deposit Insurance Corporation (“FDIC”) member bank that is affiliated with UBS or (ii) other participating banks whose deposits are FDIC insured. The current lists of banks participating in the UBS Insured Sweep Program and UBS FDIC-Insured Deposit Program are set forth in UBS Bank Priority Lists, which is available online at ubs.com/bankprioritylists. You can view the current yields for the sweep options at ubs.com/sweepyields.

Please discuss your options with your Financial Advisor. UBS Bank USA, Member FDIC, NMLS no. 947868.

About UBS Financial Services Inc.
The Resource Management Account (RMA), Business Services Account BSA and International Resource Management Account (IRMA) are brokerage accounts with UBS Financial Services Inc., a registered broker-dealer and a Member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org. The RMA, Business Services Account BSA, and IRMA provides access to banking services and products through arrangements with affiliated banks and other third-party banks, and provides access to insurance and annuity products issued by unaffiliated third-party insurance companies through insurance agency subsidiaries of UBS Financial Services Inc.

Investment, insurance and annuity products: Not FDIC insured • Not deposits • No bank guarantee • May lose value

UBS Financial Services Inc., Member FINRA. Member SIPC.

© UBS 2024. The key symbol, UBS, Resource Management Account, RMA, Business Services Account BSA, International Resource Management Account, and IRMA are among the registered and unregistered trademarks of UBS. All rights reserved.