Certificate of Deposit
Save with certainty: CD rates up to APY1
Lock in your rate and watch your savings grow with a competitive, fixed Annual Percentage Yield (APY) on a Certificate of Deposit (CD) account.2
For illustrative purposes. Bank CD account offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Featured: Market-leading CD rates
Your rate is fixed for the entire term—so you know how much you'll earn no matter what happens in the market.
Featured Yields are as of 6/15/2026.
Choose from today's CD rates
Explore our full suite of fixed-rate CDs, offering competitive yields for terms from 6 months to 5 years. Simply choose the timeframe that fits your goals.2
| Term | Annual Percentage Yield |
|---|---|
Earn more money with a guaranteed return
Fixed APY
Once you fund your account, your APY stays fixed for the full term, regardless of what happens in the markets.
Daily compounding
Interest compounds daily, so your earnings can build on themselves over time.
10-day rate guarantee
Fund within the first 10 days and you’ll automatically get the higher of the rate from the day you opened or the day your deposit settles.2
More benefits of a CD with Morgan Stanley Private Bank
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FDIC protection up to applicable limits
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24/7 account access online and via mobile app
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No monthly fees or minimum deposit3
How to open a Certificate of Deposit
1
Open an account
Answer some questions in just a few minutes.
2
Make a deposit
Choose from five simple ways to fund your account.
3
Start earning
Sit back and watch your money grow.
Lock in a fixed rate up to APY1,2
Open and fund a new Bank CD account to secure a market-leading rate that is fixed regardless of what happens in the markets.
Awards and recognition
E*TRADE recognized in “Best CD Accounts of 2026.”
Education and resources
Insights to stay informed and inspired
Bank CD or high-yield savings account?
Here’s how to compare the two account types to find the right one for you.
Bank CD vs. brokered CD: Which one is better for me?
Explore the similarities and key differences between these two accounts before you choose where to park your cash.
What is a CD ladder?
A Certificate of Deposit (CD) ladder can help you earn competitive yields, choose your maturity schedule, and provide steady access to cash.
How compound interest can supercharge your savings
Frequently asked questions
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A Bank CD, or Certificate of Deposit, is a type of account that holds a fixed amount of money for a set period of time, such as six months, one year, or five years. In return, you receive a fixed rate of interest.2 With a Bank CD, you know in advance exactly how much you will earn and when. CDs typically offer higher interest rates than regular savings accounts, but require you to keep your money in the account for the entire term. Withdrawing funds early usually incurs a penalty.3
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Yes, you can open your Bank CD account online and fund it via ACH, wire, or check.4 Bank CD accounts are eligible to be opened as either individual or joint accounts.
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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.2 Settlement Date is when funds are received and posted to your account according to our Funds Availability policy. You will receive the prevailing interest rate after the account is funded and settled. If you fund more than 10 calendar days after account opening, you’ll receive the prevailing interest rate as of the Settlement Date. View current Bank CD rates.
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While it’s not possible to add money to an existing Bank CD once it’s open and funded, you can open additional Bank CDs. You can also execute a strategy known as a CD ladder whereby you spread funds across multiple Bank CDs with short to long maturities. This allows you to earn potentially higher interest rates while freeing up access to your cash at more frequent intervals.
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At the end of the agreed upon term, your Bank CD will mature and automatically rollover into the same term at prevailing rates. You then have a grace period of seven calendar days to decide what you want to do with the funds.2 Your choices are:
- Withdraw your money and transfer it to another type of account, such as a checking or high-yield savings account
- Use the funds to open a new Bank CD with a different principal amount and/or term
- Allow your Bank CD to automatically renew with the same term at the rate effective as of your maturity date (in this case, no action is required by you)3
Note that if you choose to allow your Bank CD to automatically renew, a renewal confirmation letter will be sent to you soon after the grace period ends.