Editor’s Note: This week’s Stocks & Income is brought to you by our sponsor UBS.

Limited-time promotional offer for UBS clients:

As a UBS client, you can now enjoy an attractive 5.40% Annual Percentage Yield (APY) with a net new cash deposit of $1,000 or more into UBS Bank USA Core Savings (UBS Core Savings) by January 26, 2024.

The rate is valid only during the promotional period between October 16, 2023 through February 9, 2024.^{1, 2, 3}

UBS Core Savings must be funded entirely with net new cash in an eligible UBS account. Net new cash is the total amount of new cash inflows from an external account deposited into your eligible UBS account minus cash outflows from the same UBS account starting October 16, 2023 through the date of your deposit into UBS Core Savings.

Once you lock in the rate, you’ll enjoy:

_{1 The promotional rate only applies to net new cash you deposit into UBS Bank USA Core Savings (“UBS Core Savings”). 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.}

_{2 UBS Core Savings promotional rate of 5.40% APY is available from October 16, 2023 through February 9, 2024 (the “promotional period”) and is effective after you deposit $1,000 or more in net new cash into UBS Core Savings. Deposits must be received before January 26, 2024 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 promotional 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 promotional 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 periods, UBS Core Savings has a multi-tier rate structure. At the end of a promotional period, variable tiered rates on the deposits in UBS Core Savings will apply. Variable tiered rates can be found at ubs.com/coresavings. Interest accrues daily and pays monthly. UBS Bank USA reserves the right to stop accepting new deposits and to terminate the offer at any time.}

_{3 APY represents an interest rate of 5.26%. “Interest rate” is the annualized rate we pay but does not reflect any interest we pay on interest you have earned (called “compound interest”). “Annual percentage yield” or “APY” is the annualized rate we pay and includes compound interest. APY may be higher than the interest rate due to compound interest.}

_{4 Based on comparison to the National Deposits Savings average APY as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of September 18, 2023.}

_{5 Only non-advisory accounts can execute online UBS Core Savings deposits and withdrawals.}

_{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 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 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 Core Savings Disclosure Statement available at ubs.com/coresavingsdisclosure. UBS Core Savings deposits are made through an account at UBS Financial Services Inc., an affiliate of UBS Bank USA. UBS Financial Services Inc., as your agent and custodian, will open a deposit account with UBS Bank USA. UBS 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 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 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 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 Core Savings the following month. If you would like to deposit into UBS Core Savings again, you may instruct your Financial Advisor to transfer funds back into UBS Core Savings. For these purposes, a withdrawal will be considered to occur on the day on which the funds are actually withdrawn from UBS 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.}