Premium Savings Account

It’s easy. Simply open a new Premium Savings Account from Morgan Stanley Private Bank, National Association, Member FDIC, by the 1/10/2027 offer expiration date. Any funds you deposit up to the $10,000,000 maximum balance amount will automatically earn the boosted rate for six months from the account opening date. Afterward, you’ll continue to earn our base rate, which you can find on etrade.com/ratesheet. If your account balance exceeds $10,000,000 at any time, the entire account balance may earn the base rate.

No. The boosted rate is only available for a new Premium Savings Account, opened from September 15, 2026 12:00 AM ET – January 10, 2027 11:59 PM ET. Existing Premium Savings Accounts are ineligible. Please see the terms and conditions below for complete information.

Any funds you deposit in your new Premium Savings Account will earn the boosted rate for six months from the date you opened the account. When the six month period ends, you’ll earn our competitive standard rate, which is currently well above the national average.

Any account balances up to $10,000,000 will qualify for the boosted rate. In the event that your account balance exceeds the $10,000,000 maximum balance, the entire balance in your account may earn our standard rate starting 30 days after and continuing for the remainder of the promotion period.

With this offer, you lock in the fixed boosted rate for six months from the date you opened the account, regardless of what happens with the standard rate.

There is no minimum deposit required to open your account, no monthly fees to maintain your account, and no ongoing balance requirements.

Our Premium Savings Account offers unlimited, penalty-free access to your cash, making it a great choice for those who want to maintain liquidity. By contrast, with a Certificate of Deposit (CD), you agree to leave your money untouched for a time frame that fits your goals, and in return you generally receive a higher fixed rate. You can choose one or both accounts based on your individual financial needs and preferences.

Yes, the Premium Savings Account is insured at least $500,000.*

*Morgan Stanley Private Bank, National Association ("MSPBNA”)’s Premium Savings Account offers an enhanced Federal Deposit Insurance Corporation ("FDIC") coverage feature (“Enhanced FDIC Coverage Feature”, or, the “Feature”) which gives MSPBNA the ability to transfer any amount held on deposit in your Premium Savings Account (“PSA Deposits”) to other depository accounts at FDIC member banks (“Program Banks”) with the purpose of providing you additional FDIC insurance coverage. The Feature is designed to offer up to $500,000 in FDIC coverage for individual accounts and up to $1,000,000 for joint accounts. Learn more.