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While E*TRADE is widely known for online investing, its banking arm — operated through Morgan Stanley Private Bank, National Association (Member FDIC) — offers a high-yield cash solution through the Premium Savings Account.
Rather than functioning as a traditional branch-based bank, E*TRADE’s banking services are designed to integrate seamlessly with its brokerage platform — making it particularly appealing for investors who want consolidated cash management and investing in one ecosystem.
VISIT E*TRADEThe Premium Savings Account has:
This makes it accessible to both new savers and high-balance customers. Deposits are FDIC insured through Morgan Stanley Private Bank. Unlike certificates of deposit (CDs), the Premium Savings Account provides unlimited, penalty-free access to funds, making it suitable for emergency savings or short-term cash reserves.
A defining advantage is its integration with E*TRADE brokerage accounts. Customers are able to:
E*TRADE Premium Savings Account is well suited for:
The E*TRADE Premium Savings Account provides a streamlined, digital-first way to earn interest on cash while maintaining flexibility. With no monthly fees, no minimum deposit requirement, and FDIC insurance through Morgan Stanley Private Bank, it offers a straightforward savings solution designed to complement E*TRADE’s investment platform.
For investors who value convenience and integration between banking and brokerage accounts, the Premium Savings Account serves as a practical cash management tool within the broader E*TRADE ecosystem.
VISIT E*TRADETo be eligible for this offer, you must apply promo code SAVE26 at the time of account opening. This promotional code is intended for single use only and is non-transferable.
This offer is only valid for a new Premium Savings Account (“PSA”). This offer is not valid for Checking, Max-Rate Checking or line of credit accounts that MSPBNA or its affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. The Promotional Annual Percentage Yield (“Promotional APY”) will be automatically applied to the account and will remain effective for 180 days (the “Promotion Period”), after which it will automatically revert to the Standard Annual Percentage Yield (“Standard APY”) without requiring any action from you. Accounts must be opened by March 19, 2026 to qualify for the Promotional APY. No minimum balance required, and the offer may be withdrawn at any time. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. Other restrictions may apply. Please visit etrade.com/premiumsavings for more information.
1As of 02/11/2026, the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association is 3.75%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit https://us.etrade.com/bank/bank-rates#tab_5 for information regarding this account's current interest rate and corresponding APY.
2No minimum initial deposit is required to open an account. However, account must be funded within 30 days to remain open.
3Transfer Money transactions made between existing accounts will be processed immediately. Funds deposited to accounts via Transfer Money from external accounts will be available for investment or withdrawal on the third business day after the date of deposit if transferred by 4 p.m. ET.
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