Morgan Stanley

Deposit Yield Sheet

1For Savings Deposits, Annual Percentage Yield ("APY") is variable and subject to change without notice before and after a deposit is established. The APYs displayed are effective as of , and may change as frequently as daily. Always check

2As a result of the negative interest rate environment, Morgan Stanley in its discretion may charge a monthly GlobalCurrency Maintenance Fee for servicing GlobalCurrency account(s) in the following affected currencies: DKK, NOK and JPY. Please contact your Financial Advisor for more information.

GlobalCurrency is available to clients of Morgan Stanley Smith Barney LLC with an eligible brokerage account. Before undertaking foreign exchange transactions, clients should understand the associated risks. Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign, and liquidity risks. The foreign exchange transactions and deposits discussed in this material may not be suitable for all clients. The appropriateness of a particular investment or strategy depends upon a client’s particular circumstances and objectives. This material does not provide individually tailored investment advice. Clients can review the GlobalCurrency Disclosure Statement here for more details.

GlobalCurrency Time and Savings Deposits are held at Morgan Stanley Private Bank, National Association, Member FDIC, and are insured up to U.S. Dollar (“USD”) equivalent limits. FDIC insurance does not protect against losses due to exchange rate movements. For more information about FDIC insurance, please visit the FDIC website at

Savings Deposits in some currencies may pay no interest. Morgan Stanley Smith Barney LLC will charge a client a markup for converting USD in the client’s brokerage account or foreign currency in a Savings Deposit to another currency, which will reduce the client’s net earnings. The markup is the difference or “spread” between the price we pay for a currency and the price at which we sell the currency to a client. Please refer to for full availability.

Morgan Stanley will not maintain a secondary market to sell Time Deposits prior to maturity.

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

© 2022 Morgan Stanley Smith Barney LLC.

CRC 4045151 – 1/22