Your UBS Resource Management Account® (RMA®), Business Services Account BSA® or Basic Investment Account provides a feature that "sweeps" free credit balances (available cash) from your account into one or more depository or investment vehicles on a daily basis. To determine which sweep options are available to you, please see below. The yields for the options are also provided below.
Table 1 — UBS Bank USA Deposit Account Yields
Annual Percentage Yield (APY) as of May 24, 2013
Interest paid on the deposit accounts is tiered based on the total amount of eligible assets by Marketing Relationship that a client holds with UBS Financial Services Inc. and UBS Bank USA. A client's tier is generally determined by the value of their accounts in a Marketing Relationship at calendar month-end. (See Important Disclosuresfor all tiers and Marketing Relationship information.)
Table 2 — Money Market and Other Fund Yields
Yield Information is for the 7-day period ended May 24, 2013
*Available only to clients with eligible Marketing Relationship assets of $25 million.
See important disclosures below.
Table 3 — Money Market and Other Fund YieldsAll yield information (other than for UBS Cashfund Inc.) is for the 7-day period ended May 24, 2013
UBS Cashfund Inc. yield information is for the 7-day period ended May 24, 2013
*Available only to clients with eligible Marketing Relationship assets of $25 million
Please Note: Clients who are ineligible for the UBS Deposit Account Sweep Program may choose a tax-exempt money market fund or taxable money market fund as their primary sweep option.
Important Disclosures for Tables 2 and 3 above
Not FDIC-insured. May lose value. No bank guarantee.
How to determine which sweep option(s) is (are) available to you:
Definition of Terms
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).
Eligible Participants — "Eligible Participants" means individuals, sole proprietors and governmental agencies. Custodial accounts are also Eligible Participants if each beneficiary is an Eligible Participant. See Important Disclosuresfor more information.
Tier — A client's tier is determined by the value of a client's eligible Marketing Relationship assets, which is generally calculated at each calendar month-end. This valuation is then used to set the client's interest-rate tier level for the interest period beginning the fifth business day of the following month. For more tier and Marketing Relationship information, please see Important Disclosures.
1 UBS Financial Services Inc. offers the following Tax-Exempt Sweep Funds: UBS RMA Tax-Free Fund, Inc., UBS RMA California Municipal Money Fund, UBS RMA New Jersey Municipal Money Fund and UBS RMA New York Municipal Money Fund. State-specific municipal funds are designed for residents of those states. Puerto Rico Short Term Investment Fund, Inc. is offered exclusively to Puerto Rico residents as defined in the Fund&'s prospectus. The Fund is not a money market fund registered under the U.S. Investment Company Act of 1940, does not comply with rules applicable to U.S. registered funds and presents a higher degree of risk than those funds. The Fund is sold by prospectus only, is NOT FDIC-INSURED, is NOT BANK GUARANTEED, and MAY LOSE VALUE. Clients with Basic Investment Accounts and RMA IRAs are not eligible to select a Tax-Exempt Sweep Fund. This does not constitute a solicitation, offer or recommendation to purchase any securities. Money market funds are sold by prospectus. Investors should consider the investment objectives, charges, expenses and risk factors carefully before investing. The prospectus contains this and other information. Read it carefully before you invest.
2 If you are an Eligible Participant and have a Basic Investment Account, you must select UBS Cashfund Inc. as a Secondary Sweep Fund. If you are an Eligible Participant and have a Basic Investment Account IRA, you may select either UBS Retirement Money Fund or UBS Cashfund Inc. as a Secondary Sweep Fund.
Resource Management Account, RMA and Business Services Account BSA are registered service marks of UBS Financial Services Inc.