Morgan Stanley Private Bank

Now get 4.00% APY for 6 months,1 plus a $400 cash bonus2

Open and fund a new Premium Savings Account by 9/30.

Use promo code: SAVING26

Open an account

How it works

1

Open account

Open a new Premium Savings Account on etrade.com by September 30, 2026 using promo code SAVING26.

2

Make a deposit

Add funds to earn a boosted 4.00% APY for 6 months. Plus, you'll earn a cash bonus when you deposit at least $20,000 of qualifying new money within the first 30 days of account opening.

3

Get rewarded!

Maintain your balance for 45 additional days after the 30-day funding period ends to earn your cash bonus.

Grow your savings with 4.00% APY1 — 10X the national average3

Afterward, you'll earn our base rate, which is currently 3.25%4—8X the national average.3

3.25% Base Annual Percentage Yield (APY) as of 6/2/2026 and is subject to change. Premium Savings Account offered by Morgan Stanley Private Bank, National Association, Member FDIC. See additional terms in the footer. Annual Percentage Yield for competitor accounts as of 6/4/2026.5

What you get with a Premium Savings Account
Explore the advantages of our high-yield savings account from Morgan Stanley Private Bank, National Association, Member FDIC.

Easily move money with instant transfers to and from E*TRADE brokerage accounts

No minimum deposit or monthly account fees

Bank Deposits FDIC-insured up to $500,000 if certain conditions are met6

Certificates of Deposit

Looking for other savings solutions?

Lock in a fixed rate up to 4.10% APY when you open and fund a new Bank CD account.7,8

Frequently asked questions

  • It’s easy. Simply open a new Premium Savings Account from Morgan Stanley Private Bank, National Association, Member FDIC, by the 9/30/2026 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.

  • No. The boosted rate is only available for a new Premium Savings Account, opened from June 5, 2026 12:00 AM ET – September 30, 2026 8:45 PM ET. Existing Premium Savings Accounts are ineligible. Please see the terms and conditions below for complete information.

  • Yes! To enroll in the cash bonus, be sure to enter promo code SAVING26 when you open your new Premium Savings Account. You'll get a $400 cash bonus 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.

  • 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.