Managing Your Cash Strategically

¹ 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 4/21/25. 

CashPlus

The CashPlus Account is a brokerage account offered through Morgan Stanley Smith Barney LLC. Conditions and restrictions apply. Please refer to the CashPlus Account Disclosure Statement for further details at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf

The qualifying criteria to avoid the monthly account fee for all CashPlus Accounts in an Account Link Group (ALG) is: an additional eligible Morgan Stanley investment account (that may include additional fees), one Morgan Stanley Online enrollment; for Premier CashPlus account $2,500 monthly deposit or $10,000 Average Daily Balance; for Platinum CashPlus account $5,000 monthly deposit and $25,000 Average Daily Balance. For more information, please refer to the CashPlus Account Disclosure Statement(opens in a new tab).

Federal Deposit Insurance Corporation (“FDIC”) — Cash balances swept into deposit accounts at participating banks in the Bank Deposit Program are protected by FDIC Insurance up to applicable FDIC limits. FDIC insurance is a federal government program administered by the Federal Deposit Insurance Corporation. This insurance covers bank deposits held in checking accounts, savings accounts, certificates of deposits and money market deposits (not money market funds). This insurance comes into play in the event of a bank failure and covers client cash up to a total of $250,000, per bank, for each “insurable capacity” (e.g. each individual, joint, etc.). It does not cover investment products that are not deposits, such as mutual funds, annuities, life insurance policies, stocks or bonds. Certain conditions must be met to obtain pass through FDIC coverage. Refer to https://www.fdic.gov for additional details. 

Platinum CashPlus clients are eligible for the Annual Engagement Bonus (the "Bonus") if they 1) are the Basic Card Member (primary account holder) of either the Platinum Card® from American Express Exclusively for Morgan Stanley or the Platinum Card® from International Dollar Card issued by American Express (the "Cards"); or 2) spend at least $100,000 during the calendar year across Morgan Stanley Debit Cards associated with Platinum CashPlus Accounts in their Account-Linked Group (“ALG”), (the "Debit Card Use Threshold"). Basic Card Members who apply for, and are approved for, the Cards will be eligible to receive a Bonus of $695. Clients who qualify for the Bonus by meeting the Debit Card Use Threshold are eligible to receive the $695 Bonus, which is typically paid in January of the following calendar year. Each ALG is eligible for one bonus per calendar year. Each client is only eligible for one bonus per calendar year. For more information regarding the tax implications of the Annual Engagement Bonus, including information about reporting and tax withholding, please refer to the CashPlus Account Disclosure Statement at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf

Preferred Savings Program

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 fees.

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 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 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.

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.

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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.

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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.

Certificate of Deposit

The Certificate of Deposit is only available to clients with a legal address of record in eligible countries. The following business types will be ineligible for the CD: Government entities, Investment Advisers, Investment Companies, Asset Managers, Pension Funds, Non-Regulated Funds, Regulated Banks and Financial companies including Foreign Banks, Credit Unions, Loan Companies, National Banks and State Banks, Insurance Companies, Broker Dealers and Securities Holding Companies. For more information, view the CD promotion disclosure statement at: http://www.morganstanley.com/wealth/disclosures/pdfs/cd_ds.pdf.

Certificate of Deposits (CD) are insured by the FDIC, an independent agency of the U.S. Government, up to a maximum amount of $250,000 (including principal and accrued interest) for all deposits held in the same insurable capacity (e.g. individual account, joint account, IRA etc.) per CD depository. Investors are responsible for monitoring the total amount held with each CD depository. All deposits at a single depository held in the same insurable capacity will be aggregated for purposes of the $250,000 federal deposit insurance limit, including deposits (such as bank accounts) maintained directly with the depository and CDs of the depository held through Morgan Stanley Wealth Management. Certain conditions must be satisfied to obtain FDIC insurance coverage. For more information about FDIC insurance, please visit the FDIC website at https://www.fdic.gov/deposit/deposits/

Certificate of Deposits are only available in eligible 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.   

Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A. are Members FDIC that are primarily regulated by the Office of the Comptroller of the Currency.

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.

© 2025 Morgan Stanley Smith Barney LLC. Member SIPC.

CRC#4416060  (04/2025)