This information is not provided based on your particular financial situations or needs and does not take into account individual investors' circumstances. You should not consider this information to be a 'recommendation' by UBS or your UBS Financial Advisor.

¹Based 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 May 15, 2023.

²UBS Bank USA Core Savings promotional rate of 4.65% Annual Percentage Yield (APY) is available from February 6, 2023 through September 29, 2023 (the promotional period) and is effective after you deposit $1,000 or more in Net New Cash into UBS Bank USA Core Savings. Effective March 23, 2023, the APY increased from 4.65% APY to 4.90% APY. Effective May 4, 2023, the APY increased from 4.90% APY to 5.15% APY. Deposits must be received before September 15, 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 all your related accounts, which UBS Financial Services Inc. defines as a Marketing Relationship in the Agreements and Disclosures booklet. Applicable rates may be viewed at ubs.com/coresavings. Rates and tiers are subject to change without notice.

The promotional APY may change in accordance with the prevailing rate environment during the offer period. However, the promotional APY will not be lower than the highest tier rate (Tier 6) then 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 offer 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 the promotional offer period, 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.

³UBS Bank USA Core Savings (UBS Core Savings) must be funded with net new cash in an account at UBS Financial Services Inc. (UBS) for the promotional rate to apply. Cash is considered net new if (i) the funds are inflows from sources other than an existing UBS account, and (ii) the amount exceeds the aggregate amount of outflows from the account during the period commencing on the date that is one business day prior to the promotion start date and ending on the date that UBS Core Savings is funded. Cash inflows may include: direct deposits (e.g., payroll or annuity); check deposits (including through mobile deposit capture); and wire, ACH and other funds transfer inflows. Cash outflows may include: checks; bill payments; ATM withdrawals and debit card purchases; autopayments (e.g., credit card); and wire, ACH and other funds transfer outflows. Net new cash does not include: internal transfers; dividends and interest; maturities and redemptions; other assets transferred in or out (i.e., securities as well as cash-like securities such as money market funds); or fees.

About UBS Bank USA
UBS Bank USA is a member of the Federal Deposit Insurance Corporation (FDIC). Funds on deposit at UBS Bank USA are eligible for deposit insurance from the Federal Deposit Insurance Corporation (FDIC) up to $250,000 (including principal and accrued interest) for each insurable capacity (e.g., single, joint, etc.) in which you hold the deposits. 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 any certificates of deposit, UBS Bank USA Core Savings deposits and deposits held through the UBS Bank Sweep Programs and the UBS FDIC Insured Deposit Program. 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. FDIC deposit insurance only covers the failure of an insured bank. UBS Financial Services Inc. is not an FDIC-insured bank. Certain conditions must be satisfied for deposit insurance coverage to pass through to clients' funds placed by UBS Financial Services Inc. at FDIC-insured banks. For more information about FDIC insurance, please visit the FDIC website at fdic.gov/deposit/deposits.

Please carefully review the UBS Bank USA Core Savings Disclosure Statement available at ubs.com/coresavingsdisclosure. UBS Bank USA Core Savings deposits are made through an account at UBS Financial Services Inc., an affiliate of UBS Bank USA. UBS Financial Services Inc., as clients' agent and custodian, will open a deposit account with UBS Bank USA. UBS Bank USA Core Savings is not available for certain financial institutions, advisory accounts and non-resident aliens. Please see the UBS Bank USA Core Savings Disclosure Statement for a full list of eligible accounts. Ask your Financial Advisor for more information.

UBS Bank USA Core Savings is not intended for clients who need to have frequent access to their funds. For non-advisory accounts, UBS Financial Services Inc. will charge you a fee of $25 for each withdrawal that you make from UBS Bank USA Core Savings in excess of five (5) withdrawals in a calendar month. For advisory accounts, if you make more than five (5) withdrawals in any calendar month, your entire UBS Bank USA Core Savings position (principal plus accrued interest) will be liquidated at the sixth (6th) withdrawal and deposited in your advisory account. Your funds will not be automatically re-deposited into UBS Bank USA Core Savings the following month. If you would like to deposit into UBS Bank USA Core Savings again, you may instruct your Financial Advisor to transfer funds back into UBS Bank USA Core Savings. For these purposes, a withdrawal will be considered to occur on the day on which the funds are actually withdrawn from UBS Bank USA Core Savings, which may not be the same day on which you place an order for the withdrawal with your Financial Advisor. Any applicable fees will be posted to your account at UBS Financial Services Inc. the business day following the excess withdrawal, and may reduce earnings. You may incur a withdrawal fee or your position may be liquidated, as applicable, even if the withdrawal is involuntary such as if a withdrawal is made by UBS Financial Services Inc. to meet a margin call.

UBS Bank USA is a subsidiary of UBS Group AG. 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 provide access to banking services and products through arrangements with affiliated banks and other third-party banks, and provide 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 • No bank guarantee • May lose value.

Important information about brokerage and advisory services

As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that you understand the ways in which we conduct business, and that you carefully read the agreements and disclosures that we provide to you about the products or services we offer. For more information, please review the client relationship summary provided at ubs.com/relationshipsummary, or ask your UBS Financial Advisor for a copy.

© UBS 2023. The key symbol, UBS, Resource Management Account, RMA, Business Services Account BSA, International Resource and IRMA among the registered and unregistered trademarks of UBS. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS Group AG. Member FINRA. Member SIPC.

IS2303868; Expiration: 6/30/24