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 savings 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.
Bank CD
Lock in a fixed rate of 4.75% APY for 12 months for a limited time4,5
Secure a market-leading fixed rate for 12 months on a Certificate of Deposit, regardless of what rates do next.6 Offer expires 10/19/2026.
Award-winning banking built for investors7
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 average8
- No minimum, no monthly fees9
- Instantly move money to E*TRADE brokerage accounts10
Certificates of Deposit (CD) Account
Fixed rates up to Annual Percentage Yield4,5
- No minimum, no monthly fees11
- 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 fees12,13
- Easy money movement, with instant transfers within E*TRADE
- Earn up to Annual Percentage Yield14
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.7
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
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How compound interest can supercharge your savingsLearn how compound interest is one of the most powerful tools available to grow your money. -
Three ways to manage your cash more strategicallyDiscover the different purposes cash serves in bank and brokerage accounts. -
Bank CD or high-yield savings account?Here’s how to compare the two account types to find the right one for you.
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What's the difference between saving and investing?While many use the terms “saving” and “investing” interchangeably, the concepts aren’t exactly the same.
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What is a CD ladder?A Certificate of Deposit (CD) ladder can help you earn competitive yields, choose your maturity schedule, and provide steady access to cash.
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Helping loved ones buy a homeLearn how you can help a loved one break into a market with record-high prices, rising mortgage rates, and more.
Frequently asked questions
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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.
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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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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.