Earn 4.00% Annual Percentage Yield (APY)*

* The Annual Percentage Yield (APY) as advertised is quoted as of 12/19/2024. APY is subject to change at any time without notice, including during the availability period (rates can be found on your monthly account statement). Preferred Savings Program interest accrues daily and pays monthly.

¹ Preferred Savings Program for Qualifying Cash is only available with brokerage accounts. Brokerage account fees may apply in certain scenarios.

² Based on comparison to the National Deposits Savings Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of 12/16/2024. 

³ Withdrawal requests given to a Morgan Stanley Financial Advisor or Private Wealth Advisor by 4:00pm ET on a business day generally will be processed on such business day. Preferred Savings Program for Qualifying Cash is not intended for clients who need to have frequent access to funds and those funds will not be automatically accessed to reduce a debit or margin loan in your brokerage account. Withdrawals from an account in Preferred Savings Program for Qualifying Cash are limited to 10 transactions per calendar month, and any withdrawal or transfer over the limit in any one calendar month will be subject to an excess withdrawal fee. Preferred Savings Program for Qualifying Cash is only available with brokerage accounts. Brokerage account fees may apply in certain scenarios.

⁴ Only Qualifying cash is eligible for Preferred Savings Program. Qualifying cash is defined as new cash proceeds into the Banks in the last 30 calendar days, inclusive of deposits from external sources and proceeds from the sale of money market funds, mutual funds, fixed income, equities and all other securities, net of any cash outflows, in a client's brokerage account. Net proceeds from weekends and holidays will be included if they immediately precede the first day of the 30 day period. 

⁵ For more information on FDIC ownership categories, please visit the FDIC website:  https://www.fdic.gov/deposit/deposits

⁶ No cash management fees will be charged by Morgan Stanley for ATM use, Foreign Transaction Fees, or Outgoing Wire Fees with eAuthorizations. Third party cash management fees may apply. A monthly account fee will be charged but can be avoided if you meet certain criteria.

This offer may be withdrawn at any time. Morgan Stanley Smith Barney LLC (MSSB) may impose order limits at its discretion.

Deposits will be held at Morgan Stanley Private Bank, National Association (MSPBNA) and/or Morgan Stanley Bank, N.A. (MSBNA) (Banks) for a total potential promotional balance of up to $20,000,000 across the two Banks.

Qualifying Cash balances are calculated based on the prior day's ending Bank Deposit Program balance.

Preferred Savings Program for Qualifying Cash is only available to brokerage accounts. An account at MSSB is either a brokerage account or a managed account. Managed accounts are accounts which are enrolled in certain advisory services offered at MSSB. All other accounts are “Brokerage Accounts.” For more information about managed accounts, please contact your Financial Advisor or Private Wealth Advisor or go to www.morganstanley.com/ADV.

Certain account types including government entities and financial institutions are not eligible for Preferred Savings Program for Qualifying Cash.

Preferred Savings Program for Qualifying Cash is available to clients with a legal address of record in eligible countries.

Under the Savings and Preferred Savings programs (“Savings”), Morgan Stanley Smith Barney LLC makes available interest-bearing FDIC insured deposit accounts(s) at either Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A., each a national bank, Member FDIC, and an affiliate of Morgan Stanley Smith Barney LLC, as selected by the client. Deposits placed in Savings are eligible for FDIC insurance up to $250,000 (including principal and interest) per depositor, per each bank selected by the client for all deposits held in the same insurable capacity (the Maximum Applicable Deposit Insurance Amount), provided that certain conditions are satisfied. All deposits per bank held in the same insurable capacity will be aggregated for purposes of the Maximum Applicable Deposit Insurance Amount, including deposits maintained through the Bank Deposit Program. The client is responsible for monitoring the total amount held with each bank. The bank also reserves the right to offer promotional rates from time to time. Detailed information on federal deposit insurance coverage is available on the FDIC’s website (https://www.fdic.gov/deposit/deposits/). The Savings programs are not intended for clients who need to have frequent access to funds and those funds will not be automatically accessed to reduce a debit or margin loan in your brokerage account. Withdrawals from an account in Savings are limited to 10 transactions per calendar month, and any withdrawal or transfer over the limit in any one calendar month will be subject to an excess withdrawal fee.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

CRC#4094779  (12/2024)