Morgan Stanley Private Bank
Make the most of your cash
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Market-leading rates1
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Zero account fees or minimums
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FDIC-insured
Featured offers
Savings account
Earn a guaranteed 4.25% APY for six months, plus up to $800 cash bonus2,3
Open and fund a new Premium Savings Account with qualifying deposits by 1/10/2027. Terms apply. Use promo code SAVE800.
Checking account
Get a $400 cash bonus, plus earn up to APY4,5
Open and fund a new Max-Rate Checking account with qualifying deposits by 1/10/2027. Use promo code: MAXRATE26.
Award-winning banking built for investors6
Make the most of your cash and seamlessly manage banking and investing all in one place.
Premium Savings Account
High-yield savings with a competitive 4.25% APY for 6 months2
- 11X the national average7
- No minimum, no monthly fees8
- Instantly move money to E*TRADE brokerage accounts9
Certificates of Deposit (CD) Account
Fixed rates up to Annual Percentage Yield10,11
- No minimum, no monthly fees12
- Terms from to
- APY is fixed for the term of a Bank CD account but subject to change upon renewal
Max-Rate Checking Account
Fee-free checking, built to do more
- No account minimums or fees8,13
- Easy money movement, with ATM fee refunds worldwide14
- Earn up to Annual Percentage Yield4
Annual Percentage Yields (APYs) displayed are accurate as of . See all rates and fees
Benefits you can bank on
Competitive rates, low fees
Make the most of your cash with our high-yield accounts. See bank rates and fees
Bank and invest together
Simplify your finances and conveniently manage your money in one place.
Easy money movement
Access and transfer cash 24/7, with instant transfers to and from E*TRADE brokerage accounts.
FDIC protection
All deposit accounts are insured up to applicable limits. Certain conditions must be satisfied.15,16
Awards and recognition
Best Savings Account for Investors
Premium Savings Account from Morgan Stanley Private Bank rated "Best Savings Account for Investors 2025”—three years in a row.6
Buy Side by Wall Street Journal
Best CD Rates of 2026
Morgan Stanley Private Bank Certificate of Deposit account recognized in “Best CD Accounts of 2026” list.17
GOBankingRates
Best Checking Account 2026
For a third year in a row, our Max-Rate Checking account from Morgan Stanley Private Bank is rated “Best Checking Account.”18
U.S. News and World Report
Line of Credit
Explore lending solutions
Unlock the power of your portfolio with a flexible securities-based line of credit from Morgan Stanley Private Bank, National Association that provides easy access to cash when you need it.19-21
Not FDIC insured
Lending solutions
Take advantage of competitive rates and simple, online applications with a line of credit or home loan.
Line of Credit
Unlock your portfolio with cash when you need it the most by pledging eligible securities in your E*TRADE brokerage account, while keeping your investment strategy intact.19-21
Home Loans
Explore competitive rates and offers, expert guidance, and seamless online tools for pre-qualifying, applying for, and tracking your home loan or mortgage refinance process in real time.22
Open a bank account in minutes
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Open an account
Answer some questions in just a few minutes.
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Make a deposit
Choose from five simple ways to fund your account.
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Start earning
Sit back and watch your money grow.
Earn 4.25% APY for six months,2 plus up to $8003
Open and fund a new Premium Savings Account with qualifying deposits by 1/10/2027. Terms apply.
Use promo code: SAVE800
Education and resources
Insights to stay informed and inspired
Frequently asked questions
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Yes, all Morgan Stanley Private Bank accounts are insured. See below for details.
Bank Yields Premium Savings Account Certificates of Deposit Max-Rate Checking FDIC Insurance At least $500,000*
At least $250,000 At least $250,000
*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 to1,000,000 for joint accounts. Learn more.
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As of , the Annual Percentage Yields (APY) and Interest Rates of the Morgan Stanley Private Bank, National Association, Member FDIC accounts are:
Premium Savings Account
Daily Balance Interest Rate Annual Percentage Yield Base Rate + Boosted Rate for 6 months2 + 4.16% 4.25% Certificates of Deposit
Term Interest Rate Annual Percentage Yield Max-Rate Checking Account
Daily Balance Interest Rate Annual Percentage Yield Up to $10,000 $10,000+ Please visit etrade.com/ratesheet for more information regarding the current interest rates and corresponding APYs.
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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.
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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.
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Yes! To enroll in the cash bonus, be sure to enter promo code SAVE800 when you open your new Premium Savings Account. You'll get a cash bonus up to $800 based on a deposit of at least $20,000. (Note: your deposit must be received within 30 days of account opening.) In addition, you'll earn the boosted rate on your cash for six months. Please see offer details below for complete information.
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This offer is valid only for one individual or jointly owned Max-Rate Checking account newly opened from 10/20/2026 - 01/10/2027 and funded within 90 days of account opening.
You are not eligible if you have or had owned or co-owned (joint) a Max-Rate Checking or Checking Account within the last 12 months from when you enroll in this offer. View full offer eligibility details below.
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In connection with this offer, a Direct Deposit means a regular recurring deposit of income to an account holder’s Max-Rate Checking account, such as salary, pension, government payments (such as social security) from your employer, payroll or benefits provider or government agency, that occurs through the Automated Clearing House (ACH) Network. At least two Direct Deposits each of $1,500 or more within the 90 days of account opening are required to earn the bonus for this offer.
Direct Deposits that are not regular recurring deposits of income do not constitute Direct Deposit activity. This includes but is not limited to: incoming wires, check deposits, mobile check deposits, person to person transfers payments (P2P) (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), Zelle® incoming payments, Real-Time Payment network transactions, Transfer Money transactions, funds transfers initiated using E*TRADE from Morgan Stanley’s website or mobile app, internal transfers (e.g. from another bank account held at Morgan Stanley Private Bank, National Association, Member FDIC or from another brokerage account held at Morgan Stanley Smith Barney), deposit account to deposit account transfers (for example, from a checking account to another checking account or from a savings account to a checking account), deposits or ACH transfers not from an employer or the government (e.g., online transfers, bank transfers or brokerage transfers).
Morgan Stanley Private Bank, National Association, Member FDIC may, in its sole discretion, assess each account holder’s Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification.
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Setting up direct deposit is simple. In a few easy steps you can automatically move your employer payroll or social security deposit to your Max-Rate Checking account. Our new automated deposit switching tool can make it easier to make the switch.
You can also set up direct deposit directly with your employer or payment provider. They will need your checking or savings account number and routing number, and may also ask for your account type, which is checking, and the name of the financial institution: Morgan Stanley Private Bank. If your employer accepts a direct deposit form, you can also download by clicking here.
For more information visit www.etrade.com/directdeposit or contact our customer service team at 800-387-2331.
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You can quickly find your account number online by logging on. You can find your account and routing number on your Complete View page and clicking Quick Links.
If you’re on the mobile app, you can find your account number by clicking Menu > Transfer > Set Up Direct Deposit.You can always find your account and routing numbers on the checks associated with your account. For your reference, the routing number for Morgan Stanley Private Bank checking accounts is 256072691.
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Choose the method that works best for you:
- Transfer money electronically: Use our Transfer Money service to transfer within 3 business days.
- By check: You can easily deposit many types of checks.
- By wire transfer: Wire transfers are fast and secure.
- Transfer an account: Move an account from another firm.
- Direct deposit: Automatically deposit your paycheck and other recurring income to your Morgan Stanley Private Bank checking or savings accounts or your E*TRADE brokerage account.
Go now to fund your account.