Morgan Stanley Private Bank
Great rates, low fees, and more
Award-winning banking and lending solutions, seamlessly integrated with E*TRADE investing accounts.1
Get up to $2,000,* plus 3.75% APY for six months2
Earn 3.75% APY for six months2
Award-winning banking built for investors1
Premium Savings Account
Special offer: Earn 3.75% APY for 6 months,2 plus get up to $2,000*
- 9X the national average3
- No minimum, no monthly fees4
- Instantly move money to E*TRADE brokerage accounts5
Max-Rate Checking Account
Special offer: Earn APY,6 plus get $300**
- No transaction fees
- ATM and foreign transaction refunds worldwide7,8
- Maintain an average monthly account balance of $5,000 to waive the $15 monthly account fee9
Certificates of Deposit (CD)
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
Checking Account
Special offer: Get $300 for a limited time**
- No minimums, no monthly fees4
- ATM refunds nationwide8,13
- No transaction fees for online wire transfers, stop payments, and more
Award-winning banking built for investors1
Premium Savings Account
Earn 3.75% Annual Percentage Yield for 6 months2
- 9X the national average3
- No minimum, no monthly fees4
- Instantly move money to E*TRADE brokerage accounts5
Max-Rate Checking Account
Earn Annual Percentage Yield6
- No transaction fees
- ATM and foreign transaction refunds worldwide7,8
- Maintain an average monthly account balance of $5,000 to waive the $15 monthly account fee9
Certificates of Deposit (CD)
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
Checking Account
Everyday banking with no monthly fees and no minimums
- No minimums, no monthly fees4
- ATM refunds nationwide8,13
- No transaction fees for online wire transfers, stop payments, and more
Benefits you can bank on
1
Competitive rates, low fees
2
Bank and invest together
3
Easy money movement
4
FDIC protection
See our limited time offers
Savings Offer
Promo code: SAVE26
Checking Offer
Promo code: CHECKING25
For a limited time
Earn a boosted 3.75% APY for six months2
Open and fund a new Premium Savings Account with qualifying deposits by 3/11/2026. Terms apply.
Awards and recognition
Premium Savings Account from Morgan Stanley Private Bank rated "Best Savings Account for Investors” three years in a row.
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.16-18
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
Home Loans
Education and resources
Insights to stay informed and inspired
How compound interest can supercharge your savings
Three ways to manage your cash more strategically
Helping loved ones buy a home
Frequently asked questions
-
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.
-
It’s easy. Simply open a new Premium Savings Account from Morgan Stanley Private Bank, National Association, Member FDIC, by the 3/11/2026 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.
-
Yes! To enroll in the cash bonus, be sure to enter promo code SAVE26 when you open your new Premium Savings Account. You’ll get a cash bonus up to $2,000 based on the amount of qualifying funds you deposit. (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 the offer details 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.
-
Yes, all Morgan Stanley Private Bank accounts are insured. See below for details.
Bank Yields Premium Savings Account Certificates of Deposit Max-Rate Checking Checking FDIC Insurance At least $500,000*
At least $250,000 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 to $1,000,000 for joint accounts. Learn more.
-
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 Yield1 + (no minimum monthly account fees, withdrawal limits apply, $0 deposit to open)2
Certificates of Deposit
Term Interest Rate Annual Percentage Yield1 (no monthly account fees, $0 deposit to open.)5
Checking Account
Daily Balance Interest Rate Annual Percentage Yield1 $0+ (no monthly account fee, no minimum balance required, $0 deposit to open)2
Max-Rate Checking Account
Daily Balance Interest Rate Annual Percentage Yield1 $0+ ($5,000 minimum balance,3 $0 deposit to open)2
Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.
Frequently asked questions
-
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.
-
It’s easy. Simply open a new Premium Savings Account from Morgan Stanley Private Bank, National Association, Member FDIC, by the 3/11/2026 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.
-
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.
-
Yes, all Morgan Stanley Private Bank accounts are insured. See below for details.
Bank Yields Premium Savings Account Certificates of Deposit Max-Rate Checking Checking FDIC Insurance At least $500,000*
At least $250,000 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 to $1,000,000 for joint accounts. Learn more.
-
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 Yield1 + (no minimum monthly account fees, withdrawal limits apply, $0 deposit to open)2
Certificates of Deposit
Term Interest Rate Annual Percentage Yield1 (no monthly account fees, $0 deposit to open.)5
Checking Account
Daily Balance Interest Rate Annual Percentage Yield1 $0+ (no monthly account fee, no minimum balance required, $0 deposit to open)2
Max-Rate Checking Account
Daily Balance Interest Rate Annual Percentage Yield1 $0+ ($5,000 minimum balance,3 $0 deposit to open)2
Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.