Premium Savings Account

Higher rates and a whole lot more

  • Earn over 10x the national average for a savings account1
  • Manage your money from anywhere with our best-in-class mobile app2
  • $10 monthly fee is waived if you meet requirements See all rates and fees
1.70% APY3

Over 10X1

the national average

Flexible employer contributions- image

Getting started

Any U.S. residents, 18 years or older, with a valid Social Security number can
apply online

Easy set up and administration - image

Low initial deposit

Get started with just a $100 opening deposit

Tax deduction on contributions - image

Anytime access

Easily move money between E*TRADE accounts or other financial institutions with our Transfer Money service4,5

Full Range of Investment Choices - image

FDIC insurance

Premium Savings Accounts are insured by the FDIC to at least $250,000 per depositor

Manage your account with ease

  • Manage your account online
  • Access statements anytime

Three ways to waive the $10 monthly account fee

  • Maintain an average monthly balance of $1,000
  • Maintain a combined balance of $5,000 in bank or $50,000 in a linked E*TRADE Securities or E*TRADE Bank accounts
  • Execute at least 30 stock or options trades per quarter

FDIC Insured
Bank deposits insured to at least $250,000 Learn more