Banking
Rates and Fees
| Bank Yields | Premium Savings Account | Certificates of Deposit | Max-Rate Checking | Checking |
|---|---|---|---|---|
| Annual percentage yield ("APY")1 | Boosted Rate: 3.75% for 6 months ($0+)2 |
() () () () () () () |
($0+) |
($0+) |
| Minimum monthly balance | No account minimums are required to maintain this account | No account minimums are required to maintain this account | An average monthly balance of $5,000 is required to avoid a fee. | No account minimums are required to maintain this account |
| Monthly fees | No monthly account fees | No monthly account fees5 | $15 if your minimum account balance is not met | No monthly account fees |
| Minimum opening deposit | 3 |
$03 | $03 |
$03 |
| FDIC Insurance | At least $500,0004 |
At least $250,000 | At least $250,000 |
At least $250,000 |
1. As of . Rates are subject to change at any time and fees may reduce earnings.
2. INTRODUCTION:
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, 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.
3. Account must be funded within 30 days to remain open.
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. Deposits Transaction Limits: You may make a one-time deposit, via ACH, wire, or check, to fund the account within 30 calendar days of opening the account. Deposits after this window are not permitted at any time. Unless otherwise provided, partial withdrawals and additional deposits are not permitted. Interest earned on the account can be paid out via check, if you chose that option at opening, otherwise you may not withdraw interest prior to maturity. A withdrawal of interest will reduce earnings. Withdrawals: You may make a full withdrawal, without penalty, during the grace period in the 7 calendar days immediately following maturity. If you choose to make a withdrawal before maturity, or after the 7-day grace period has ended, an Early Withdrawal penalty will be assessed (refer to “Early Withdrawal penalties” section for more detail). Partial withdrawals are not permitted at any time.
Certificate of Deposit (CD) customers agree to keep funds on deposit for a fixed period of time. Unless otherwise provided, withdrawals outside of the grace period are not permitted. If we permit an early withdrawal from a CD, we will impose an early withdrawal penalty equals to certain number of days of simple interest determined based on the term of the CD. Simple interest is calculated on the total principal amount (partial withdrawals are not allowed) using the interest rate of your current CD, based on 365 days or 366 if the withdrawal happens in a leap year. If the penalty amount exceeds the accrued interest, the principal is also subjected to penalty. 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.
Certificate of Deposit (CD) interest rates are fixed from the start of the term until their maturity date.
The interest rate on the Settlement Date can be higher or lower than the interest rate that was available at the time of account opening. Settlement Date is when funds are received and posted to your account according to our Funds Availability policy, found in section 3 of the Morgan Stanley Private Bank Deposit Account Agreement. If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of Settlement. Maturity is determined based on the Settlement Date and the term selected. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. A withdrawal will reduce earnings. See the CD Rate Table page at the etrade.com for information on term lengths, current interest rates and corresponding APYs. Certificate of Deposit rates are subject to change at any time and are not guaranteed until the CD is funded and settled.
Interest is compounded daily. Interest will compound from the Settlement Date until the last full day before the date of withdrawal using the daily balance method. Accrued interest posts to your account on a monthly or quarterly basis, based on your selection at the time of account opening, unless you select at account opening to receive interest via check.
Earn competitive interest rates with low account fees
Rate information
Please visit our bank rates sheet for information regarding this account's current interest rate and corresponding annual percentage yield ("APY"). Your interest rate and APY may change at any time and fees may reduce earnings.
Compounding and crediting frequency
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 initial deposit
No minimum initial deposit is required to open this account. However, account must be funded within 30 days to remain open.
Minimum balance
No minimums balance is required to avoid monthly account fees.
Fees
For fees that may apply, please visit the Additional Services page.
Competitive yields
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 may change at any time and fees may reduce earnings. 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 more than $10,000,000 and all commercial deposits more than $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).
If a minimum average balance is required to avoid a fee, 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.
Tiered-rate accounts
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.
This schedule will assist you in comparing the terms of our deposit products. They are part of our Account Agreement with you.
A Max-Rate Checking Account lets you do more with less
Rate information
Your interest rate and annual percentage yield ("APY") may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.
Compounding and crediting frequency
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 initial deposit
No minimum initial deposit is required to open this account. However, account must be funded within 30 days to remain open.
The monthly fee set forth below is waived for customers who maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.
* 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
Fees
See Additional Services and click on “See complete rate and fee schedule” for other fees that may apply.
We keep service fees low
Checkbook orders |
$0 per order |
| Bank Check request | $15 for each Bank Check request in excess of one per calendar month for Complete Savings Account (Fee waived for Checking, Max-Rate Checking and Premium Savings accounts) |
| Loan payments by Check | $10 per item |
| Loan check payment returned for insufficient funds | $25 per item |
Check returned for non-sufficient funds |
$25 per item (fee waived for Checking and Max-Rate accounts) |
Digital Security ID |
$0 per device The E*TRADE CompleteTM Digital Security ID and any additional tokens will be provided at no cost to you. |
| Minimum balance fee | Max-Rate Checking: $15 To avoid the monthly fee, the account holder must maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account. |
| Wire transfers | $0 per incoming wire $25 per outgoing wire if done online (fee waived for Checking and Max-Rate accounts) $25 per outgoing wire if done by telephone (domestic or international) |
Premium Savings Account
| Daily Balance | Interest Rate | Annual Percentage Yield1 | |
|---|---|---|---|
| Base Rate | + | % | |
| Boosted Rate for 6 months2 | + | 3.68% | 3.75% |
(no minimum monthly account fees, withdrawal limits apply, $0 deposit to open)3
Certificates of Deposit
| Term | Interest Rate | Annual Percentage Yield1 |
|---|---|---|
| % | ||
| % | ||
| % | ||
| % | ||
| % | ||
| % | ||
| % |
(no monthly account fees, $0 deposit to open.)6,7
Checking Account
| Daily Balance | Interest Rate | Annual Percentage Yield1 |
|---|---|---|
| $0+ | % |
(no monthly account fee, no minimum balance required, $0 deposit to open)3
Max-Rate Checking Account
| Daily Balance | Interest Rate | Annual Percentage Yield1 |
|---|---|---|
| $0+ | % |
($5,000 minimum balance,4 $0 deposit to open)3
Complete Savings Account (no longer available to new accounts5)
| Daily Balance | Interest Rate | Annual Percentage Yield1 |
|---|---|---|
| $0+ | 0.01% | 0.01% |
(no minimum balance, no minimum monthly account fees, withdrawal limits apply)
Daily Compounding: Deposits insured to at least $250,000 by the FDIC
1. As of . Rates are subject to change at any time and fees may reduce earnings.
2. INTRODUCTION:
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, 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.
3. Account must be funded within 30 days to remain open.
4. The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.
5. Not available for new account opening.
6. Deposits Transaction Limits: You may make a one-time deposit, via ACH, wire, or check, to fund the account within 30 calendar days of opening the account. Deposits after this window are not permitted at any time. Unless otherwise provided, partial withdrawals and additional deposits are not permitted. Interest earned on the account can be paid out via check, if you chose that option at opening, otherwise you may not withdraw interest prior to maturity. A withdrawal of interest will reduce earnings. Withdrawals: You may make a full withdrawal, without penalty, during the grace period in the 7 calendar days immediately following maturity before 8PM ET of the last day of the grace period. If you choose to make a withdrawal before maturity, or after the 7-day grace period has ended, an Early Withdrawal penalty will be assessed (refer to “Early Withdrawal penalties” section for more detail). Partial withdrawals are not permitted at any time.
Certificate of Deposit (CD) customers agree to keep funds on deposit for a fixed period of time. Unless otherwise provided, withdrawals outside of the grace period are not permitted. If we permit an early withdrawal from a CD, we will impose an early withdrawal penalty equals to certain number of days of simple interest determined based on the term of the CD. Simple interest is calculated on the total principal amount (partial withdrawals are not allowed) using the interest rate of your current CD, based on 365 days or 366 if the withdrawal happens in a leap year. If the penalty amount exceeds the accrued interest, the principal is also subjected to penalty. 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.
7. Certificate of Deposit (CD) interest rates are fixed from the start of the term until their maturity date.
The interest rate on the Settlement Date can be higher or lower than the interest rate that was available at the time of account opening. Settlement Date is when funds are received and posted to your account according to our Funds Availability policy, found in section 3 of the Morgan Stanley Private Bank Deposit Account Agreement. If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of Settlement. Maturity is determined based on the Settlement Date and the term selected. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. A withdrawal will reduce earnings. See the CD Rate Table page at the etrade.com for information on term lengths, current interest rates and corresponding APYs. Certificate of Deposit rates are subject to change at any time and are not guaranteed until the CD is funded and settled.
Interest is compounded daily. Interest will compound from the Settlement Date until the last full day before the date of withdrawal using the daily balance method. Accrued interest posts to your account on a monthly or quarterly basis, based on your selection at the time of account opening, unless you select at account opening to receive interest via check.