Premium Savings Account

Higher rate and a whole lot more

Earn 1.75% APY1 for a savings account—17x higher than the national average.2

Start saving today.

What you get with an E*TRADE Premium Savings Account

Investing and savings all in one place

Bank Deposits insured up to $1,250,000

Manage your money from anywhere with our best-in-class mobile app3

Easily move money between accounts with Transfer Money service4,5

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 3 business days4

Transfer Money is a free service that allows you to move money between E*TRADE 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 cash or securities from an outside financial institution to E*TRADE.


Deposit a check

Up to 5 business days

Choose from two convenient ways to deposit checks into your account: by mobile check deposit6 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 your E*TRADE 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

Earn 1.75% APY1 for a savings account—17x higher than the national average.2

Opening a Premium Savings Account is quick and easy.

Open an account

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FDIC Insured