Please remember there's always the potential of losing money when investing in securites.1
This offer and investment products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S). See merrilledge.com for more details including the restrictions and exclusions associated with the offer and for information about MLPF&S standard brokerage fees. Banking products provided by Bank of America, N.A. and affiliated banks, Members FDIC.
This offer is available with an individual or joint Merrill Edge self-directed brokerage account. MLPF&S waives its commission fee for as many as 30 online equity trades each month for self-directed brokerage customers who meet either of the following criteria:
a. A combined total of $25,000 or more in your deposit accounts at Bank of America, N.A. When you make an online equity trade, MLPF&S determines whether you meet the balance requirement to qualify that trade for the commission fee waiver. MLPF&S adds the average collected balances in your checking and savings accounts as of the prior month to the balances in your CD and FDIC-insured IRA accounts as of the prior business day. If this calculation reflects a combined total of less than $25,000, MLPF&S then makes a second calculation to see if the trade qualifies by adding the balances in your checking, savings, CD and FDIC-insured IRA accounts as of the prior business day.
b. A combined balance of $25,000 or more in cash balances in one of the following sweep options in your Merrill Edge self-directed account(s) as of the prior business day:
• Bank Deposit Accounts sweep option with your CMA
• Retirement Assets Savings Program II (RASP II) sweep with your IRA
If this balance is less than $25,000, MLPF&S then makes a second calculation to see if your average collected balance as of the prior month reflects a total of $25,000 or more to determine whether you meet the balance requirements to qualify for the commission fee waiver.
Offer applies only to online equity trades, including stock and exchange traded fund (ETF) trades.
Standard commission fees for online equity trades depend on your total relationship with Bank of America and Merrill Lynch and apply when the balance requirement is not met, or when you exceed 30 qualifying trades a month.
To determine the 30-trade limit, MLPF&S adds the qualifying trades in your individual accounts and in each joint account for which you are the account owner. Deposit accounts with the same social security number as the social security number (s) on the self-directed brokerage account are systematically included in the balance determination. Deposit accounts maintained with the Military Bank of Bank of America, N.A. are not systematically included in the balance determination.
Other standard brokerage fees associated with, but not limited to, margin transactions, option trading, special stock registration/gifting, account transfer and processing, account maintenance, research request and termination apply. Standard deposit fees apply to deposit accounts.
Relationship requirements and pricing are subject to change.
This offer applies only to self-directed brokerage accounts held at Merrill Edge. Offers available through other Merrill Lynch services may vary in terms and conditions. This offer does not apply to Business/Corporate Accounts, Investment Club Accounts, Partnership Accounts and certain fiduciary accounts held at MLPF&S. See merrilledge.com for more details, including the restrictions and exclusions associated with the offer and for information about Merrill Edge self-directed investing fees.
Banking products provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.2
If you hold the Advisor or Institutional share class of the BofA Global Capital Management Cash Reserves, Government Reserves or Treasury Reserves Funds, please call our Investment Center at 1.877.653.4732 for current yield information.3
Rate information is time-sensitive and is subject to change. Annual Percentage Yield or “APY” of a bank deposit account is a rate that includes the interest rate paid by the bank and the value of compounding of interest, and assumes interest is not withdrawn from the deposit account and no change to the interest rate for one year. Note that the interest rate (and APY) of a bank deposit account may change at the depository bank’s discretion at any time after the account is opened. Fees may reduce earnings.
7-day yield for money funds is the simple average of each of the last 7 days' daily yields. The yield more closely reflects the current earnings of the fund than the total return performance information. Yields are shown for the 7-day period ending on date shown.
Past performance is not an indication of future performance or success. Yields shown are indicative of recent yields as of the date shown and are subject to change and availability.
The short-term bank deposit and investment solutions shown are not comprehensive and other, similar solutions may be available. This document does not constitute a recommendation or solicitation by Merrill Edge for the purchase or sale of any particular product. Merrill Edge does not offer tax advice. Please consult your tax professional for information regarding your individual or business tax situation.Investing involves risk. Fund shares may fluctuate due to market conditions and may result in a loss of principal. For a current prospectus of any money market mutual fund offered by Merrill Lynch, which contains more complete information, call the Investment Center at 1.877.653.4732. Please review the prospectus carefully before investing. In addition, before investing, investors should consider carefully the investment objectives, risks, and charges and expenses of the respective fund. Investments in money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. The 7-day yields more closely reflect the current earnings of the fund than the total return.