Merrill Lynch Direct Account
Commission and Fee Schedule; Fixed Income Price and Yield


General Account Information

Minimum Deposit for CMA® Accounts

 $2,000.00 (Cash or Securities)

Account Maintenance Fee
(Effective July 1, 2005)
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$25/Quarter waived if client meets at least one criteria
  • Client household with accounts that in aggregate have greater than $25,000 in assets at Merrill Lynch
  • Client household with accounts that in aggregate have greater than $15,000 in mutual fund assets at Merrill Lynch
  • Client household has made at least 2 equity, debt, or option trades in Merrill Lynch Direct accounts in previous six months

Merrill Lynch CMA and Beyond Banking AccessSM Visa® Card Fee (Debit Card)

 None

Merrill Lynch Visa® Signature Card Fee (Optional)

 $95.00/Year

Account Transfer Fee

 $95.00

 

Retirement Accounts

Minimum deposit to open

 $250.00

Annual Custodial Fee
(Effective July 1, 2005)
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$50/Year waived if
  • Client household with accounts that in aggregate have greater than $20,000 in assets at Merrill Lynch

Account Transfer Fee

 $75.00

Overnight Mail (for Mandatory Distributions Only)

 None

Closeout Fee

 $75.00
 

Equities
Online Trades  

Market Orders (up to 1000 shares)

 $14

Additional per share above ceiling (> 1000 shares)

 $0.03

Limit and/or Stop Orders

 No Additional Charge

Good Until Cancelled Orders

 Subject to more than 1 commission charge if order is not fully executed on the same business day

Representative-Assisted Trades
Transaction Size  

0 - 100

 $50 

101- 250

 $50 + 0.25/per share

251- 500

 $85 + 0.125/per share

501 - 1000

 $120 + 0.060/per share

1001+

 $150 + 0.030/per share

Limit and/or Stop Orders

 No Additional Charge

Good Until Cancelled Orders

 Subject to more than 1 commission charge if order is not fully executed on the same business day

Mutual Funds
Online and Representative Assisted Trades

No Load/No Transaction Fee Funds

 No Merrill Lynch sales charges.

Merrill Lynch Short-Term Redemption fee if held less than 180 days*

 .75% of gross proceeds
$50 Minimum
$250 Maximum
Load Funds

See Prospectus for fund's Sales Charges.
No Merrill Lynch transaction fees.
Intra-family exchange

No Merrill Lynch charge.
 

Fixed Income

US Treasury: Bills, Notes, Bonds

 Price and Yield as quoted

Agency: Discount, Notes, Bonds

 Price and Yield as quoted

Zero Coupon Bonds: Corporate, Government, Agency

 Price and Yield as quoted

Municipal Bonds

 Price and Yield as quoted

Corporate Bonds

 Price and Yield as quoted

Certificates of Deposit

 Price and Yield as quoted

Options

Online Trades For Options with premiums of $0.50 or less:

ContractsDollar Amount per Contract% of Principal
0 - 49$1.50+1.2% of principal
50 - 149$0.90+1.4% of principal
150 - 499$0.60+1.6% of principal
500 – 1,499$0.50+1.6% of principal
1500+$0.50+1.2% of principal
* Minimum Charge - $35

Online Trades For Options with premiums greater than $0.50:

Principal AmountFlat Dollar Amount% of Principal
$0 - $2,499$23+1.3% of principal
$2,500 - $9,999$39+0.65% of principal
$10,000+$79+0.25% of principal
* Minimum Charge - $35
* Maximum Charge - $64 for 1st two contracts, plus $3.20 per contract thereafter.
Good Until Cancelled Orders - Subject to more than 1 commission charge if order is not fully executed on the same business day.

 
Representative Assisted Trades
Representative-Assisted Options trades are charged an additional 25 percentage points of commission over the online fees and commissions listed above.

Representative-Assisted Trade Minimum Charges
Options with Premiums of $0.50 or less
Minimum charge of $39/trade
Options with Premiums Greater than $0.50
 Minimum charge of $37.25 + $1.75 per contract
Representative-Assisted Trade Maximum Charges
Options with Premiums of $0.50 or less
No maximum charge
Options with Premiums Greater than $0.50
 Maximum charge of $40 per contract for 1st two;
$4.00 per contract thereafter.
 

Margin Rates

Effective September 21, 2009 the new ML Base Lending Rate is 5.250% -- a decrease of 0.250%. Subsequently, margin interest rates now range from 4.500% - 8.625%.

Loan Amount

 BLR Spread

Less than $25,000

 3.375
 

$25,000 - $99,999

 2.250

$100,000 - $499,999

 0.875

$500,000 - $999,999

 0.625

$1,000,000 - $4,999,999

 0.000

$5,000,000 - $9,999,999

 -0.500

$10,000,000 +

 -0.750

Additional/Miscellaneous Fees

Checking

 Free

Additional Check Printing

 Free

Canceled Check Fee

 $3.00

Statement Copy Request

 $3.00

Trade Confirmation Copy Request

 $3.00

Return Check Fee

 $30.00

Stop Payment Fee

 $25.00

ATM transaction fee***

$1 per transaction

Bill Payment

 $7.50 per month/per account

Return Deposits

 $20.00

Cash Advance Fee (Non ATM)

 0.3% of principal ($5.00 minimum)

Visa International Transaction Fee

 2% of the U.S. dollar amount of all transactions occurring outside of the U.S. that are submitted to Visa in a currency other than U.S. dollars

Wire Transfer Fee (Fed Funds - Domestic)

 $30.00

Wire Transfer Fee (Fed Funds - International)

 $40.00

Legal Transfer Fee

 $50.00

Register & Ship (Delivery of Non-Gov't Security)

 $50.00

Overnight Mail Request

 $25.00

Municipal Bond Coupon Processing

 $5.00

Government Security Transfer Fee

 $125.00

FTS return

 $10.00

Past due exchanges

 $50.00

Past due redemptions

 $50.00

Optional Exchange Fee

 $30.00

Mandatory Exchange Fee

 $50.00

Statement Requests

 $5.00 per statement

Fractional Share Fee Liquidation

 10% of proceeds from sale

* Fund shares may be redeemed directly with the Fund without payment of the Merrill Lynch Short-Term Redemption fee.

** This rate fluctuates with current market conditions.

*** Visa® Signature cardholders - First 52 transactions free; $1 per transaction thereafter. Some ATM owners/operators may charge a fee for use of their machines.

Note:  The above fees and charges are subject to change in accordance with the Merrill Lynch Direct Terms of Service.

 

 

Business Continuity Statement      Software Requirements     Important Legal and Trademark Notices

Diversification, asset allocation, and rebalancing do not assure a profit or protect against loss in declining markets.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance is no guarantee of future results.

Merrill Lynch Wealth Management

Any information presented about tax considerations affecting client financial transactions or arrangements is not intended as tax advice and should not be relied upon for the purpose of avoiding any tax penalties. Neither Merrill Lynch nor its Financial Advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.

System availability and response time are subject to market conditions and possible unscheduled outages.

Merrill Lynch Wealth Management is the marketing name for the services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated and other subsidiaries of Bank of America Corporation. Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly owned subsidiary of Bank of America Corporation.

Trust and fiduciary services are provided by Merrill Lynch Trust Company, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency.

Bank of America, N.A., U.S. Trust Company of Delaware, Merrill Lynch Life Agency Inc. and MLPF&S, a registered broker-dealer and Member SIPC, are wholly owned subsidiaries of Bank of America Corporation.

Investment and insurance products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity


MLPF&S and Merrill Lynch Trust Company make available investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation or in which Bank of America Corporation has a substantial economic interest, including Columbia Management, BlackRock and Nuveen Investments.

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