Premium Savings Account from Morgan Stanley Private Bank
Rates are up. Enjoy APY1
Take advantage of a rate 9X the national average,2 with no minimum deposit, and FDIC protection up to $500,000.3
Boost your savings today
![Premium Savings Account from Morgan Stanley Private Bank Rated Best Savings Account for Investors by Buy Side from WSJ](https://cdn2.etrade.net/1/24060715000.0/aempros/content/dam/etrade/retail/en_US/images/bank/centered-accolade-psa-v1.png)
What you get with a Premium Savings Account
Free, easy-to-use tools to build your emergency savings
Bank Deposits insured up to $500,0003
Manage your money from anywhere with our mobile app
Easily move money between accounts with Transfer Money service4,5
No minimum monthly account fee
Enjoy a rate that is 9x the national average
Morgan Stanley Private Bank Premium Savings Account | ||
Bank of America Advantage Savings | 0.02% | |
Chase Premier Savings | 0.02% | |
Wells Fargo Way2Save Savings | 0.01% | |
FDIC National Savings Average2 | 0.45% |
Annual percentage yields on competitor accounts as of 6/17/247
Ways to fund
No minimum opening deposit to get started.8 There are four easy ways to fund your account.
Transfer money
Up to three business days4
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 deposit8 using our E*TRADE Mobile app or by mail.
![](https://cdn2.etrade.net/1/19062513040.0/aempros/content/dam/etrade/retail/en_US/images/bank/premium-savings-acct-choosing-doors.jpg)
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.
![](https://cdn2.etrade.net/1/22060910030.0/aempros/content/dam/etrade/retail/en_US/images/bank/hiking-savings-investing.png)
Saving vs. Investing
Both are ways to help you reach your short and long-term goals. Learn the differences so you can choose wisely.
![](https://cdn2.etrade.net/1/19062616150.0/aempros/content/dam/etrade/retail/en_US/images/bank/premium-savings-acct-contact-us-fist-bump.jpg)
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.
![Member FDIC insurance logo](https://cdn2.etrade.net/1/16081717140.0/aempros/content/dam/etrade/retail/en_US/images/bank/fdic.jpg)
FDIC Insured