Premium Savings Account from Morgan Stanley Private Bank
Enjoy a competitive APY1
Take advantage of a rate 9X the national average.2 With APY, you’ll earn an annual return of $400 for every $10,000 deposited in your account.3 Plus, FDIC-insured up to $500,0004
Boost your savings today
What you get with a Premium Savings Account
No minimum deposit
No monthly account fees
Bank Deposits FDIC-insured up to $500,000. Certain conditions must be satisfied.4
Easily move money between accounts with Transfer Money service5
Manage your money from anywhere with our mobile app6
Free, easy-to-use tools to build your emergency savings
Enjoy a rate that is 9x the national average
| Morgan Stanley Private Bank Premium Savings Account | ||
| Bank of America Advantage Savings | 0.01% | |
| Chase Premier Savings | 0.01% | |
| Wells Fargo Way2Save Savings | 0.01% | |
| FDIC National Savings Average2 | 0.42% |
Annual percentage yields on competitor accounts as of 12/16/247
Rated Best Savings Account for Investors
Premium Savings Account from Morgan Stanley Private Bank rated "Best Savings Account for Investors 2024" by Buy Side from WSJ8
Ways to fund
No minimum opening deposit to get started.9 There are four easy ways to fund your account.
Transfer money
Up to three business days5
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 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 an E*TRADE brokerage account for easier money management.
Three ways to manage your cash more strategically
Some people don’t realize that cash is an asset class that can be managed in different ways. Here’s how to balance your short-term cash needs and long-term financial goals with cash solutions.
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.