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PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

* 02/05/2026, Buy Side from Wall Street Journal. Reprinted with permission by Dow Jones & Company, Inc.

** U.S. News and World Report

1.        In the following disclosure, the words “we”, “us”, and “Bank”, refer to Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank"), Member FDIC.

ELIGIBILITY AND LIMITATIONS:

To be eligible for this offer, you must open a new Premium Savings Account (PSA) during the Enrollment Period. The Promotional Annual Percentage Yield (“Promotional APY”) will be automatically applied to the account and will remain fixed for 180 days (the “Promotion Period”). After the Promotion Period ends, the rate will automatically revert to the Standard APY without any action required.

This offer is only valid for a new Premium Savings Account. This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that MSPBNA or its affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. The Promotional APY offer is a standalone promotion and is not associated with, nor does it form part of, any PSA Cash Bonus Offer. For details regarding PSA Cash Bonus Offers, please refer to the applicable Terms and Conditions. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. 

Other restrictions may apply.

OFFER RULES FOR ALL PARTICIPANTS:

Account Opening: To participate in this offer, you must open a new Premium Savings Account during the Enrollment Period. No minimum initial deposit is required to open an account however, accounts not funded within 30 days will be closed.

Enrollment Period: February 11, 2026 – March 11, 2026. We reserve the right to modify or end the offer at any time without notice.

Promotion Period: You will begin to earn the Promotional APY immediately upon account opening, with no minimum deposit amount required to qualify. The Promotional APY is only effective for 180 days, after which the rate will automatically revert to the Standard APY without any action required.

Standard APY: The Standard APY is variable and subject to change at any time. Information on current Standard APY can be found by visiting etrade.com/ratesheet. 

Promotional APY: The Promotional APY under this offer is 3.75%, and applies only during the Promotion Period. We reserve the right to modify, suspend, or terminate the Promotional APY at any time.

Maximum Deposit Eligibility: The maximum deposit eligible for the Promotional APY is $10MM.  In the event that the account balance exceeds the maximum deposit by an amount greater than or equal to $10MM (or such lesser amount at our sole discretion), all deposit balance in the account may earn the Standard APY starting 30 days after we notify you and continuing for the remainder of the Promotion Period.

Interest: Interest on both the Promotional and Standard APY will accrue from the date of deposit to the last full day before the date of withdrawal. Interest is compounded daily and will be credited to your account on a monthly basis. Interest will be paid to the account where the deposit is made. If you close your account before interest is credited, you will receive the accrued interest through the last full day prior to the account closure. Please visit https://us.etrade.com/l/f/agreement-library/bank-rate-fee-schedule for more information.

ADDITIONAL TERMS:

You must keep your account open and in good standing to receive the Promotional APY. If your account is in default, restricted or closed for any reason prior to such time, including being closed by us, then you may not be eligible for the offer.

If we determine, in our sole discretion, that you have violated the Morgan Stanley Private Bank, National Association Deposit Account Agreement or have engaged in abuse, misuse, or gaming in connection with your account, we may determine that you are not eligible for the offer. In such circumstances, we may rescind or withhold the Promotional APY.

Morgan Stanley Private Bank, National Association, Member FDIC reserves the right, in accordance with applicable laws, to terminate this offer at any time and to rescind or decline award payment for any reason.

2.  In the following disclosure, the words “we”, us”, and “Bank”, refer to Morgan Stanley Private Bank, National Association, Member FDIC ("Morgan Stanley Private Bank").

ELIGIBILITY AND LIMITATIONS:

To be eligible for this cash bonus offer, you must apply a valid promotional code obtained through one of our authorized affiliate marketing partners at the time of account opening. This promotional code is intended for single use only and is non-transferable.   

This offer is only valid for a new Premium Savings Account (PSA). This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that we or our affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. This offer is only eligible to one new opened and funded Premium Savings Account (PSA) within thirty (30) days. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. Customer may only be enrolled in one PSA cash bonus offer at a time. Cannot be combined with any other PSA cash bonus offers. Each customer is limited to a lifetime maximum of two new PSA cash bonus offers. Offer may be removed at any time.  Other restrictions may apply.

OFFER RULES FOR ALL PARTICIPANTS:

1.        Open Account: Open one new Premium Savings Account between 01/02/2026 and 03/11/2026. No minimum initial deposit is required to open an account; however, the account must be funded within thirty (30) days to remain open.        

2.        Deposit Funds: Deposit a minimum of $20,000 or more in net-new funds* over the first thirty (30) days following account opening (“Deposit Period”). At the end of the Deposit Period, all net new funds will be totaled to determine which Deposit Tier you have satisfied (see below). Net-new funds do not include any deposits transferred from accounts provided by us (e.g. Checking, Max-Rate Checking), or any of our affiliates.

3.        Maintain Balance: Maintain an average daily balance in your enrolled Premium Savings Account that meets the Minimum Maintenance Balance of the Deposit Tier you have satisfied in Step 2. The average daily balance calculation will begin from Day thirty (30) of account opening and will end forty-five (45) days following (“Maintenance Period”).

4.        Receive Bonus: After the requirements are satisfied, we will deposit the bonus within thirty (30) days following the end of the Maintenance Period. The bonus will correspond to the Cash Credit Tier for which you qualify, based on the amount deposited during the Deposit Period and maintained during the Maintenance Period. If the Deposit Tier is higher than what is maintained over the Maintenance Period, or vice versa, you will qualify for the lower Cash Credit Tier. Please see below for an example.

Example: Please see below for an example of how you can earn a cash bonus.

1.        You open your Premium Savings account between 01/02/2026 and 03/11/2026.

2.        Within thirty (30) days of account opening (the Deposit Period), you deposit $50,000 - $74,999 in net new funds.

3.        For the forty-five (45) days immediately following the Deposit Period (the Maintenance Period), you maintain an average daily balance of at least $50,000.

4.        The successful completion of Steps 1, 2 and 3 qualify you for a cash credit of $750. However, let’s say your average daily balance during the Maintenance Period drops between $20,000 - $49,999. In this case, you would only receive $300, notwithstanding your $50,000 deposit during the Deposit Period.  

The applicable cash credit tier will be determined following the close of the Maintenance Period and will be paid out within thirty (30) days after the Maintenance Period (or one hundred and five (105) days following account opening). Cash credits will be paid to the account where the deposit is made.

* Net new funds are funds that originate from outside of the Bank into the Premium Savings Account, minus any funds withdrawn from the Premium Savings Account and sent out of the Bank. This includes funds deposited from accounts that are external to us and all our affiliates (i.e. transfers from another bank account). Net-new funds do not include any deposits transferred from accounts provided by us (e.g. Checking, Max-Rate Checking), or any of our affiliates.

BONUS PAYMENT:

You must keep your account open and in good standing to receive the bonus. If your account is in default, restricted or closed for any reason prior to such time, including being closed by us, you may not be eligible for the bonus.

If we determine, in our sole discretion, that you have violated the Morgan Stanley Private Bank, National Association Deposit Account Agreement or have engaged in abuse, misuse, or gaming in connection with your account, we may determine that you are not eligible for the Cash Bonus. In such circumstance, we may rescind or decline to award you the Cash Bonus. We reserve the right to modify or revoke this Cash Bonus offer at any time without notice. 

If you are not eligible or are deemed to be disqualified from receiving the bonus, we will notify you within one hundred and five (105) days of account opening.

Morgan Stanley Private Bank, National Association reserves the right to terminate this offer at any time.

Cash bonuses are treated as interest income for US tax purposes and will be reported on IRS Form 1099-INT and may be subject to 24% backup withholding if your account is not properly documented with a valid Form W-9. Taxes related to cash bonuses are the customer’s responsibility. MSPBNA and its affiliates do not provide tax advice, and you should always consult your own tax advisor regarding your personal circumstances before taking any action that may have tax consequences.

3. 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 January 20, 2026.

4. The Premium Savings Account gives Morgan Stanley Private Bank, National Association, Member FDIC the ability to send any amount held on deposit in your Premium Savings Account to other depository accounts at Federal Deposit Insurance Corporation (“FDIC”) member banks with the purpose of affording you additional FDIC insurance coverage. It is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts). Certain conditions must be met. Learn more

5. No minimum initial deposit is required to open this account. However, account must be funded within 30 days to remain open.

6. As of  2/11/2026, the Annual Percentage Yield (APY) of the Max-Rate Checking Account is  2.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet  for information regarding interest rate tiers, current interest rates, and corresponding APYs.

7. Based on comparison to the National Deposits Checking Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of January 20, 2026. 

8 With Max-Rate Checking, Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank") will not charge you a fee for withdrawing funds from any institution's ATM but the owner/operator of the ATM may charge a fee. In those cases, we will refund ATM fees charged worldwide. For additional information and important details about how the ATM fee refund will be applied, please visit the etrade.com/rateandfee for more details.

9. Morgan Stanley Private Bank imposes a charge equal to 1% of the transaction amount (including credits and reversals) for non-U.S. currency transactions. Refer to the etrade.com/rateandfee for more details.

10. Deposits held in checking accounts are FDIC insured to at least $250,000. Learn more.

11. The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the Max-Rate Checking account on or after the end of the second calendar month from opening the account.

12. With Checking, Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank") will not charge you a fee for withdrawing funds from any institution's ATM but the owner/operator of the ATM may charge a fee. In those cases, we will refund ATM fees charged nationwide. For additional information and important details about how the ATM fee refund will be applied, please visit the etrade.com/rateandfee for more details.

Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

Morgan Stanley at Work services and E*TRADE from Morgan Stanley are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.

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CRC#4449164    02/2026