Premium Savings Account

Investing and savings all in one place

Earn 0.05% APY1 with no deposit required to open an account. Bank deposits FDIC insured up to $500,000.

Start saving today.

What you get with a Premium Savings Account

Free, easy-to-use tools to build your emergency savings

Bank Deposits insured up to $500,000

Manage your money from anywhere with our best-in-class mobile app2

Easily move money between accounts with Transfer Money service3,4

No minimum monthly account fee.

Ways to fund

No minimum opening deposit to get started. There are four easy ways to fund your account.

Transfer money

Up to three business days3

Transfer Money is a free service that allows you to move money between your accounts and from outside financial institutions.

Wire transfer

Same business day

A wire transfer is an electronic transfer of money between accounts, including accounts at different financial institutions.

Transfer an account

10+ business days

Transferring an account simply means moving all of your assets (cash and securities) from an outside financial institution to E*TRADE or Morgan Stanley Private Bank.

Deposit a check

Up to five business days

Choose from two convenient ways to deposit checks into your account: by mobile check deposit5 using our E*TRADE Mobile app or by mail.

Choosing a bank account

Not sure which bank account to choose? We offer other bank accounts that are fully integrated with an E*TRADE Securities account.

Saving vs. Investing

Both are ways to help you reach your short and long-term goals. Learn the differences so you can choose wisely.

Real help from real people

Let’s make your money work harder together. Our team is always available if you have questions or need help.

Start saving today


Opening a savings account is quick and easy.

Open an account

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FDIC Insured