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Morgan Stanley Private Bank Rate and Fee Schedule
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MORGAN STANLEY PRIVATE BANK, NATIONAL ASSOCIATION RATE AND FEE SCHEDULE

THIS SCHEDULE WILL ASSIST YOU IN REVIEWING THE TERMS OF OUR DEPOSIT PRODUCTS.
THEY ARE PART OF OUR ACCOUNT AGREEMENT WITH YOU.


RATES

Overview

 * The ability to earn interest, and rates offered, vary by product.
 * Except for fixed-rate certificates of deposit, which earn the same interest
   rate through maturity, the interest rate and Annual Percentage Yield ("APY")
   on deposits can change as often as daily, at our discretion, without prior
   notice to you.

Current Rates

 * Information on current interest rates and APYs can be found by
   visiting etrade.com/ratesheet.
 * The interest rate and the corresponding APY for all individual or trust
   deposits over $10,000,000 and all commercial deposits over $99,000 are
   subject to negotiation by the parties.

Calculation Method

 * We use the daily balance method to calculate interest on accounts.
 * This method applies a daily periodic rate to the principal in the account
   each day.
 * Interest begins to accrue no later than the business day we receive credit
   for the deposit of non-cash items (for example, checks).
 * On tiered-rate accounts, we apply the interest rate for the balance tier of
   your end-of-day balance against the entire balance of your account. Different
   rates may apply to different tiers.

 


MINIMUM DEPOSITS

 * There is no minimum initial deposit required to open an account.
 * However, your account must be funded within 30 days to remain open.

 


ACTIVE PRODUCTS

 * Premium Savings Account
 * Max-Rate Checking Account
 * Checking Account
    

PREMIUM SAVINGS ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   interest rate tiers, current interest rates, and corresponding APYs.
 * Your interest rate and APY may change at any time.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Minimum Balance
 * There is no minimum balance requirement.

Product-Specific Fees:

 * Official Bank Check: $15 fee for each request, in excess of one per calendar
   month
 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply
    

MAX-RATE CHECKING ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   interest rate tiers, current interest rates, and corresponding APYs.
 * Your interest rate and APY may change at any time and fees may reduce
   earnings.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Account Maintenance Minimums

To waive the $15 monthly account fee, the account holder must meet one of the
following conditions:

 1. set up a direct deposit* of $200 or more per month to the account (a
    combination of direct deposits totaling $200 does not satisfy this
    requirement), or 
 2. maintain an average monthly balance** of at least $5,000 in the account on
    or after the end of the second statement cycle, or 
 3. maintain an average monthly balance** of at least $50,000 in linked Morgan
    Stanley Private Bank, National Association accounts on or after the end of
    the second statement cycle, or
 4. have a combined balance of $50,000 or more in linked E*TRADE from Morgan
    Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee
    stock plan accounts (including vested in-the-money options, stock option
    plan shares, ESPP shares, and released restricted stock) on the date the
    monthly fee is charged, or
 5. have executed at least 30 stock or options trades during the prior calendar
    quarter in linked E*TRADE from Morgan Stanley accounts.

* Direct Deposit is a deposit initiated by an institution other than Morgan
Stanley or any of its affiliates (including from an account held at Morgan
Stanley Private Bank or Morgan Stanley Smith Barney, which includes E*TRADE from
Morgan Stanley) which is processed via Automated Clearing House ("ACH"). The
most common forms of Direct Deposit are Paychecks, Pension Checks and Social
Security Checks.

** The average balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in that
period.

Product Specific Fee Policy:

We don't charge for:

 * ATM Fees: Unlimited ATM refunds worldwide, regardless of account balance
 * Checkbook Orders: $0
 * Outgoing Wires: $0, if wire request placed online
 * Stop Payment Requests: $0
 * Coverdraft Protection: Free to enroll and no transaction costs
   * The Coverdraft Protection service enables automatic funds transfer from
     another one of your bank accounts (where the accounts are held by the same
     parties and are under the same primary taxpayer identification number) to
     cover insufficient funds transactions initiated in your Max-Rate Checking
     Account. Transfers are at our sole discretion and may be made in $100
     increments. Coverdraft protection does not involve the lending of funds,
     but rather transfers of available funds between your accounts
   * You must affirmatively enroll your Max-Rate Checking Account to receive
     coverage by calling 800-387-2331.
    

CHECKING ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   current interest rate, and corresponding APY.
 * Your interest rate and APY may change at any time.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Product Specific Fee Policy:

We don't charge for:

 * ATM Fees: Unlimited ATM refunds nationwide, regardless of account balance
 * Checkbook Orders: $0
 * Outgoing Wires: $0, if wire request placed online
 * Stop Payment Requests: $0
 * Coverdraft Protection: Free to enroll and no transaction costs
   * The Coverdraft Protection service enables automatic funds transfer from
     another one of your bank accounts (where the accounts are held by the same
     parties and are under the same primary taxpayer identification number) to
     cover insufficient funds transactions initiated in your Checking Account.
     Transfers are at our sole discretion and may be made in $100 increments.
     Coverdraft protection does not involve the lending of funds, but rather
     transfers of available funds between your accounts
   * You must affirmatively enroll your Checking Account to receive coverage by
     calling 800-387-2331.

What we do charge:

 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply

 


SUPPORTED PRODUCTS, BUT CAN NO LONGER OPEN NEW ACCOUNTS

 * Complete Savings Account
 * Independent Checking Account
 * Money Market Account
 * Certificate of Deposit
    

COMPLETE SAVINGS ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   interest rate tiers, current interest rates, and corresponding APYs.
 * Your interest rate and APY may change at any time.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Minimum Balance
 * There is no minimum balance requirement.

Product-Specific Fees:

 * Official Bank Check: $15 fee for each request, in excess of one per calendar
   month
 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply
    

INDEPENDENT CHECKING ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   interest rate tiers, current interest rates, and corresponding APYs.
 * Your interest rate and APY may change at any time.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Account Maintenance Minimums

To waive the $10 monthly account fee, the account holder must meet one of the
following conditions:

 1. maintain an average monthly balance* of at least $1,000 in the account on or
    after the end of the second statement cycle, or
 2. maintain an average monthly balance of at least $1,000 in linked Morgan
    Stanley Private Bank, National Association accounts on or after the end of
    the second statement cycle, or
 3. have a combined balance of $50,000 or more in linked E*TRADE from Morgan
    Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee
    stock plan accounts (including vested in-the-money options, stock option
    plan shares, ESPP shares, and released restricted stock) on the date the
    monthly fee is charged, or
 4. have executed at least 30 stock or options trades during the prior calendar
    quarter in linked E*TRADE from Morgan Stanley accounts.

* The average balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in that
period.

Product Specific Fee Policy:

We don't charge for:

 * ATM Fees: Unlimited ATM refunds nationwide if the customer maintains:
   * an average monthly balance of $5,000 or more in the account or
   * a combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley
     accounts (held at Morgan Stanley Smith Barney LLC), and employee stock plan
     accounts (including vested in-the-money options, stock option plan shares,
     ESPP shares, and released restricted stock) on the date the fee is charged;
     or
   * who execute at least 30 stock or options trades during the prior calendar
     quarter in their linked  E*TRADE from Morgan Stanley accounts.
 * Initial Checkbook Order: $0

What we do charge:

 * Monthly Account Fee: $10, if the minimum balance requirement is not met
 * Official Bank Check: $10 for each Check request
 * Checkbook Re-Order: $8.75 for each standard check reorder; Waived for
   customers who maintain:
   * An average monthly balance of $50,000 or more in linked Morgan Stanley
     Private Bank, National Association accounts, or
   * a combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley
     accounts (held at Morgan Stanley Smith Barney LLC), and employee stock plan
     accounts (including vested in-the-money options, stock option plan shares,
     ESPP shares, and released restricted stock) on the date the fee is charged;
     or
   * who execute at least 30 stock or options trades during the prior calendar
     quarter in their linked E*TRADE from Morgan Stanley accounts
 * Coverdraft Protection: $5 for each transfer
   * The Coverdraft Protection service enables automatic funds transfer from
     another one of your bank accounts (where the accounts are held by the same
     parties and are under the same primary taxpayer identification number) to
     cover insufficient funds transactions initiated in your Independent
     Checking Account. Transfers are at our sole discretion and may be made in
     $100 increments. Coverdraft protection does not involve the lending of
     funds, but rather transfers of available funds between your accounts
   * You must affirmatively enroll your Independent Checking Account to receive
     coverage by calling 800-387-2331.
 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply
    

MONEY MARKET ACCOUNT

Account Basics:

Feature Functionality Rate Information
 * Please visit etrade.com/ratesheet for information regarding this account's
   interest rate tiers, current interest rates, and corresponding APYs.
 * Your interest rate and APY may change at any time and fees may reduce
   earnings.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit to the last full day before
   the date of withdrawal.
 * Interest will be credited to your account on a monthly basis.
 * 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.

Account Maintenance Minimums

To waive the $10 monthly account fee, the account holder must meet one of the
following conditions:

 1. maintain an average monthly balance* of at least $1,000 in the account on or
    after the end of the second statement cycle, or 
 2. maintain an average monthly balance of at least $1,000 in linked Morgan
    Stanley Private Bank, National Association accounts on or after the end of
    the second statement cycle, or
 3. have a combined balance of $50,000 or more in linked E*TRADE from Morgan
    Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee
    stock plan accounts (including vested in-the-money options, stock option
    plan shares, ESPP shares, and released restricted stock) on the date the
    monthly fee is charged, or
 4. have executed at least 30 stock or options trades during the prior calendar
    quarter in linked E*TRADE from Morgan Stanley accounts

* The average balance is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number of days in that
period.

Product Specific Fee Policy:

We don't charge for:

 * ATM Fees: Unlimited ATM refunds worldwide if the customer maintains:
   * an average monthly balance of $5,000 or more in the account or
   * a combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley
     (held at Morgan Stanley Smith Barney LLC), and employee stock plan accounts
     (including vested in-the-money options, stock option plan shares, ESPP
     shares, and released restricted stock) on the date the fee is charged; or
   * who execute at least 30 stock or options trades during the prior calendar
     quarter in their linked E*TRADE from Morgan Stanley accounts.
 * Initial Checkbook Order: $0

What we do charge:

 * Monthly Account Fee: $10, if the minimum balance requirement is not met
 * Official Bank Check: $15 for each Check request in excess of on per calendar
   month
 * Checkbook Re-Order: $8.25 for each standard check reorder; Waived for
   customers who maintain:
   * An average monthly balance of $50,000 or more in linked Morgan Stanley
     Private Bank, National Association accounts, or
   * a combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley
     (held at Morgan Stanley Smith Barney LLC), and employee stock plan accounts
     (including vested in-the-money options, stock option plan shares, ESPP
     shares, and released restricted stock) on the date the fee is charged; or
   * who execute at least 30 stock or options trades during the prior calendar
     quarter in their linked E*TRADE from Morgan Stanley accounts.
 * Coverdraft Protection: $5 for each transfer
   * The Coverdraft Protection service enables automatic funds transfer from
     another one of your bank accounts (where the accounts are held by the same
     parties and are under the same primary taxpayer identification number) to
     cover insufficient funds transactions initiated in your  Money Market
     Account. Transfers are at our sole discretion and may be made in $100
     increments
   * You must affirmatively enroll your Money Market Account to receive coverage
     by calling 800-387-2331.
 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply
    

CERTIFICATE OF DEPOSITS ("CDS")

Account Basics:

Feature Functionality Rate Information
 * All fixed-rate CDs have rates that are fixed from the date of deposit until
   their maturity date.
 * The APY is based on no withdrawal of credited interest and no redemption
   prior to the stated maturity date.

Compounding & Crediting
 * Interest is compounded daily.
 * Interest will compound from the date of deposit until the last full day.
   before the date of withdrawal using the daily balance method.
 * Interest will be credited to your account on a quarterly basis.

Time Requirements
 * The term for each CD is specified on the account application.
 * The initial maturity date of your account will be based on the minimum
   initial deposit date and the term you have selected.

Transaction Limitations
 * You may only make one deposit into or withdrawal from your account during the
   one-week grace period immediately following maturity.
 * A new maturity date will be calculated from the date of the deposit or
   withdrawal, as applicable.

Early Withdrawal Penalties
 * Certificate of Deposit customers agree to keep funds on deposit for a fixed
   period of time. Unless otherwise provided, partial withdrawals and additional
   deposits are not permitted. If we permit an early withdrawal of principal
   from a CD, we may impose an early withdrawal penalty. Tax penalties also may
   apply to premature distributions from IRAs. If we permit a withdrawal of
   principal before the stated maturity, we may impose a penalty equal to
   one-half of the interest payable over the term of the CD whether earned or
   unearned. The penalty will be assessed based upon the portion of the
   principal that is withdrawn. We may elect not to impose a penalty for a
   withdrawal of principal following the death or adjudication of incompetence
   of any account owner if the account was opened before such adjudication and
   not extended or renewed after that date.

Withdrawal of interest prior to maturity
 * Interest earned and credited to the account may be withdrawn with no penalty.
 * However, the APY assumes interest will remain on deposit until maturity.
 * A withdrawal will reduce earnings.

Product-Specifics:

IRA CDs

 * IRA CDs must be for a term of one year or longer.
 * Only interest distributions and required minimum distributions are penalty
   free.
 * All other distributions are subject to the early withdrawal penalty described
   above, regardless of the age of the account owner.
 * There is a seven-calendar day revocation period for IRAs.
 * Renewal Policy – IRA CDs:
   * Unless we provide otherwise, IRA CDs will automatically renew at maturity
     at the current rate for the same term, type and amount.
   * You will have seven calendar days after the maturity date to withdraw funds
     without penalty.
   * Interest will be paid during the grace period at the rate offered on new,
     similar accounts as of the maturity date.
   * If you close the account during the grace period, interest will accrue past
     the maturity date through the last full day prior to the account closure.
   * You will be subject to the early-withdrawal penalties stated above if you
     close the account after the grace period.
   * We reserve the right to change the rate of interest for automatically
     renewable accounts at each renewal period.
   * If we elect not to permit the renewal of an automatically renewable time
     deposit, we will notify you in advance.

PrimeLink CDs

 * The interest rate for PrimeLink CDs is tied to the Prime Rate as reported in
   the Wall Street Journal.
 * The interest rate is variable and will automatically change when the Prime
   Rate increases or decreases.
 * No notice will be provided when there are changes in the interest rate and
   APY for variable-rate products.
 * Early-withdrawal penalties for PrimeLink CDs are based on the interest rate
   at the time of withdrawal.
 * The penalty is equal to one-half of the interest payable over the term of the
   CD whether earned or unearned.
 * The penalty will be assessed based upon the portion of the principal that is
   withdrawn.
 * Early-withdrawal penalties may be waived in the event of death or legal
   incompetence of any owner.
 * Renewal Policy – Non-IRA CDs:
   * Non-IRA CDs will not automatically renew at maturity.
   * Upon maturity, the balance of your account will be distributed to you
     directly via check disbursement (or other disbursement method that we may
     make available and is selected by you), and your account will be closed.
     Interest will not be paid on any balances after the maturity date.
 * See "Additional Fees Applicable to All Bank Accounts" for other fees that may
   apply

 


ADDITIONAL FEES APPLICABLE TO ALL BANK ACCOUNTS

Transaction Fees

Item Amount Description ATM fees $0 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. Morgan Stanley Private Bank will
refund the amount of the owner/operator's fee by the end of the same day that
the withdrawal occurred to your eligible account if certain criteria is met.
Refer to the Product Specific Fee Policies above for more details. Coverdraft $5
per transaction Coverdraft Protection is available for checking accounts and
money market accounts. You must affirmatively enroll an eligible account to
receive coverage. If you overdraw your eligible account, we may use our
Coverdraft protection service to transfer funds from another one of your bank
accounts (where the accounts are held by the same parties and are under the same
primary taxpayer identification number) to cover the overdraft. Transfers are at
our sole discretion and may be made in $100 increments. A fee may be assessed to
your eligible account for each transfer, as noted below. Coverdraft protection
does not involve the lending of funds, but rather transfers of available funds
between your accounts. Foreign Transactions 1% of the transaction amount Morgan
Stanley Private Bank imposes a charge equal to 1% of the transaction amount
(including credits and reversals) for non-U.S. currency and foreign
transactions. Insufficient Funds $25 per item

There is a $25 fee for each item we attempt to pay from your account but are
unable to process due to insufficient or uncollected funds. Uncollected funds
are deposits in your account that are still on hold and are unavailable to pay
debits drawn on your account. This fee can be avoided by verifying your
available balance prior to making debits from your account and ensuring that all
deposit holds have been lifted.

For Checking and Max-Rate Checking accounts, this fee is waived.

Returned Deposits $25

There will be a $25 processing fee for deposits made into your Morgan Stanley
Private Bank account that are returned due to insufficient funds or stop payment
requests.

For Checking and Max-Rate Checking accounts, this fee is waived.

Stop Payment Requests $25 per transaction

There is a $25 fee for each check or transaction you would like us to stop
payment on from your Morgan Stanley Private Bank account.

For Checking and Max-Rate Checking accounts, this fee is waived.

Outgoing IRA Full Account Transfer $75 There is a $75 processing fee for
transferring your full E*TRADE IRA account to another institution. Wires -
Incoming $0 There will be no charge for wires deposited into your account. Wires
- Outgoing $25 per wire

There is a $25 fee to wire funds out of your Morgan Stanley Private Bank
account.

For Checking and Max-Rate Checking accounts, this fee is waived for wire
transfers placed online.

Service Fees

Item Amount Description Digital Security ID Token $0

The E*TRADE CompleteTM Digital Security ID and any additional tokens will be
provided at no cost to you.

We, at our sole discretion, may impose a fee for this service in the future or
may discontinue the service. To learn more about customer qualifications, please
visit etrade.com.

Legal Process $75 There is a $75 minimum fee, plus any research and copy fees,
for legal processing affecting your account (e.g. subpoenas and levies).
Overnight Mail $25 There is a $25 fee for expedited delivery of account related
requests. Standard first-class USPS delivery of account requests is free unless
otherwise noted. Paper Statement Copy $5 There is a $5 fee for each duplicate
statement copy (or any paper statement copy for Complete Savings Accounts) you
would like us to print and mail to you directly. If you have electronic
statements, printable account statements are available for free at etrade.com.
Paper Check Copy $0 There will be no charge for any check copy you would like us
to print and mail to you directly. Research $25 per hour There is a $25 fee for
each hour of research you request from a Morgan Stanley Private Bank financial
services representative. Verification of Deposit $5 per request There is a $5
fee for each request to verify funds on deposit in your E*TRADE account.
Deposits into your E*TRADE account can be verified for free in your account
transaction history at etrade.com.

See our Bill Pay Terms & Conditions for fees charged in connection with our
online internet bill payment service.

Note: The fees, rates and benefits described in this schedule were current as of
the date of publication, but are subject to change. You can obtain current
information by calling us at 800-387-2331. Prices listed are subject to sales
tax wherever applicable.


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CHECK THE BACKGROUND OF MORGAN STANLEY SMITH BARNEY LLC ON FINRA'S
BROKERCHECK AND SEE
THE MORGAN STANLEY SMITH BARNEY LLC RELATIONSHIP SUMMARY.

Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value

PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

BANKING PRODUCTS AND SERVICES ARE PROVIDED BY MORGAN STANLEY PRIVATE BANK,
NATIONAL ASSOCIATION, MEMBER FDIC.





Securities products and investment advisory services offered by Morgan Stanley
Smith Barney LLC, Member SIPC and a Registered Investment Adviser. Commodity
futures and options on futures products and services offered by E*TRADE Futures
LLC, Member NFA Stock plan administration solutions and services offered by
E*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at
Work. Banking products and services provided by Morgan Stanley Private Bank,
National Association, Member FDIC. All entities are separate but affiliated
subsidiaries of Morgan Stanley. E*TRADE from Morgan Stanley and Morgan Stanley
at Work are registered trademarks of Morgan Stanley.

System response and account access times may vary due to a variety of factors,
including trading volumes, market conditions, system performance, and other
factors.

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