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 * Account Types arrow_back Back to Main Menu
   * Overview
   * Brokerage
   * Retirement
   * Core Portfolios
   * Managed Portfolios
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 * Investment Choices arrow_back Back to Main Menu
   * Overview
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Banking


RATES AND FEES

We work to keep our service fees low and our yields competitive. The numbers you
need to know are all here. Take a look, and discover the benefits of banking
with us.
Open an account
 * Overview
 * Premium Savings Account
 * Bank Yields
 * Max-Rate Checking
 * Additional Services
 * Bank Rates Sheet

Bank Yields Premium Savings Account Max-Rate Checking Checking Annual percentage
yield ("APY")1

4.50% ($0+)

3.00% ($0+)

0.05% ($0+)

Minimum monthly balance No account minimums are required to maintain this
account An average monthly balance of $5,000 is required to avoid a fee. Please
see the monthly fees section below to learn how to waive this fee No account
minimums are required to maintain this account Monthly fees No monthly account
fees

$15 if your minimum account balance is not met

You can avoid the monthly fee by meeting any of the following minimums:

 * Maintaining an average balance of $5,000 in your Max-Rate Checking Account
 * Setting up and maintaining a direct deposit of $200 or more per month to the
   account (a combination of direct deposits totaling $200 does not satisfy this
   requirement)
 * Maintaining an average monthly balance of $50,000 or more in linked Morgan
   Stanley Private Bank accounts on or after the end of the second statement
   cycle
 * Maintaining a combined balance of $50,000 or more in linked E*TRADE from
   Morgan Stanley accounts (held at Morgan Stanley Smith Barney LLC), and
   employee stock plan accounts (including vested in-the-money options, stock
   option plan shares, ESPP shares, and released restricted stock) on the date
   the monthly fee is charged
 * Executing at least 30 stock or options trades during the prior calendar
   quarter in a linked E*TRADE from Morgan Stanley accounts

No monthly account fees Minimum opening deposit

$02

$02

$02

FDIC Insurance

At least $500,0003

At least $250,000

At least $250,000

1. As of 07/17/2024. Rates are subject to change at any time and fees may reduce
earnings.

2. Account must be funded within 30 days to remain open.

3. 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.

 
FDIC Insured
Learn more


EARN COMPETITIVE INTEREST RATES WITH LOW ACCOUNT FEES

Rate information

Please visit our bank rates sheet for information regarding this account's
current interest rate and corresponding annual percentage yield ("APY"). Your
interest rate and APY may change at any time and fees may reduce earnings.

 

Compounding and crediting frequency

Interest is compounded daily. Interest will compound from the date of deposit to
the last full day before the date of withdrawal. Interest will be credited to
your account on a monthly basis. If you close your account before interest is
credited, you will receive the accrued interest through the last full day prior
to the account closure.

 

Minimum initial deposit

No minimum initial deposit is required to open this account. However, account
must be funded within 30 days to remain open.

 

Minimum balance

No minimums balance is required to avoid monthly account fees.

 

Fees

For fees that may apply, please visit the Additional Services page.


COMPETITIVE YIELDS

Except for fixed-rate certificates of deposit, which earn the same interest rate
through maturity, the interest rate and annual percentage yield ("APY") on
deposits may change at any time and fees may reduce earnings. Information on
current interest rates and APYs can be found by visiting etrade.com/ratesheet.
The interest rate and the corresponding APY for all individual or trust deposits
more than $10,000,000 and all commercial deposits more than $99,000 are subject
to negotiation by the parties.

Calculation method

We use the daily balance method to calculate interest on accounts. This method
applies a daily periodic rate to the principal in the account each day. Interest
begins to accrue no later than the business day we receive credit for the
deposit of non-cash items (for example, checks).

If a minimum average balance is required to avoid a fee, the average balance is
calculated by adding the principal in the account for each day of the period,
and dividing that figure by the number of days in that period.

Tiered-rate accounts

On tiered-rate accounts, we apply the interest rate for the balance tier of your
end-of-day balance against the entire balance of your account. Different rates
may apply to different tiers.

 

This schedule will assist you in comparing the terms of our deposit products.
They are part of our Account Agreement with you.

 


A MAX-RATE CHECKING ACCOUNT LETS YOU DO MORE WITH LESS

Rate information

Your interest rate and annual percentage yield ("APY") may change at any time
and fees may reduce earnings. Please visit etrade.com/ratesheet for information
regarding this account's current interest rate and corresponding APY.

Compounding and crediting frequency

Interest is compounded daily. Interest will compound from the date of deposit to
the last full day before the date of withdrawal. Interest will be credited to
your account on a monthly basis. If you close your account before interest is
credited, you will receive the accrued interest through the last full day prior
to the account closure.

Minimum initial deposit

No minimum initial deposit is required to open this account. However, account
must be funded within 30 days to remain open.

Minimum balance

The monthly fee set forth below is waived for customers who meet at least one of
the following minimums: 1) set up a direct deposit* of $200 or more per month to
the account (a combination of direct deposits totaling $200 does not satisfy
this requirement), or 2) maintain an average monthly balance of at least $5,000
in the account on or after the end of the second statement cycle, or 3) maintain
an average monthly balance of at least $50,000 in linked Morgan Stanley Private
Bank accounts on or after the end of the second statement cycle, or 4) have a
combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley
accounts (held at Morgan Stanley Smith Barney LLC), and employee stock plan
accounts (including vested in-the-money options, stock option plan shares, ESPP
shares, and released restricted stock) on the date the monthly fee is charged,
or 5) have executed at least 30 stock or options trades during the prior
calendar quarter in linked E*TRADE from Morgan Stanley accounts.

* Direct Deposit is a deposit initiated by an institution other than Morgan
Stanley or any of its affiliates (including from an account held at Morgan
Stanley Private Bank or Morgan Stanley Smith Barney, which includes E*TRADE from
Morgan Stanley) which is processed via Automated Clearing House (“ACH”). The
most common forms of Direct Deposit are Paychecks, Pension Checks and Social
Security Checks 


FEES

$15 monthly fee

Monthly fee may be waived if certain conditions are met $0 for each Coverdraft
Protection transfer $0 for each Official Bank Check $0 For each standard
checkbook reorder $0 early close out fee Will be assessed if the account is
closed out within the first 120 days $0 stop payment fee Stop payment request
for an issued check

See Additional Services and click on “See complete rate and fee schedule” for
other fees that may apply.


WE KEEP SERVICE FEES LOW

 

Checkbook reorder (standard quantity)

$8.75 per reorder for Independent Checking1, $8.25 per reorder for the Money
Market account1

(fee waived for Checking and Max-Rate accounts)

Bank Check request

$15 for each Bank Check request in excess of one per calendar month for Complete
Savings Account

($10 per item for Independent Checking; fee waived for Checking, Max-Rate
Checking and Premium Savings accounts)

Loan payments by Check

$10 per item

Loan check payment returned for insufficient funds

$25 per item

Check returned for non-sufficient funds

$25 per item

(fee waived for Checking and Max-Rate accounts)

Coverdraft Protection

$5 per transfer

(fee waived for Checking and Max-Rate accounts)

To enroll account, call us at 800-387-2331

Digital Security ID

$0 per device

The E*TRADE CompleteTM Digital Security ID and any additional tokens will be
provided at no cost to you.

Minimum balance fee

Independent Checking: $10 (Not available for new account opening) 

To avoid the monthly fee, the account holder must 1) maintain an average monthly
balance of $1,000 or more on or after the end of the second statement cycle, or
2) maintain an average monthly balance of at least $1,000 in linked Morgan
Stanley Private Bank accounts on or after the end of the second statement cycle,
or 3) have a combined balance of $50,000 or more in linked E*TRADE from Morgan
Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee stock
plan accounts (including vested in-the-money options, stock option plan shares,
ESPP shares, and released restricted stock) on the date the monthly fee is
charged, or 4) have executed at least 30 stock or options trades during the
prior calendar quarter in linked E*TRADE from Morgan Stanley accounts.

 

Money Market: $10 (Not available for new account opening)

To avoid the monthly fee, the account holder must 1) maintain an average monthly
balance of $1,000 or more on or after the end of the second statement cycle, or
2) maintain an average monthly balance of at least $1,000 in linked Morgan
Stanley Private Bank accounts on or after the end of the second statement cycle,
or 3) have a combined balance of $50,000 or more in linked E*TRADE from Morgan
Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee stock
plan accounts (including vested in-the-money options, stock option plan shares,
ESPP shares, and released restricted stock) on the date the monthly fee is
charged, or 4) have executed at least 30 stock or options trades during the
prior calendar quarter in linked E*TRADE from Morgan Stanley accounts.

 

Max-Rate Checking: $15

To avoid the monthly fee, the account holder must 1) set up a direct deposit of
$200 or more per month to the account (a combination of direct deposits totaling
$200 does not satisfy this requirement), or 2) maintain an average monthly
balance of at least $5,000 in the account on or after the end of the second
statement cycle, or 3) maintain an average monthly balance of at least $50,000
in linked Morgan Stanley Private Bank accounts on or after the end of the second
statement cycle, or 4) have a combined balance of $50,000 or more in
linked E*TRADE from Morgan Stanley accounts (held at Morgan Stanley Smith Barney
LLC), and employee stock plan accounts (including vested in-the-money options,
stock option plan shares, ESPP shares, and released restricted stock) on the
date the monthly fee is charged, or 5) have executed at least 30 stock or
options trades during the prior calendar quarter in linked E*TRADE from Morgan
Stanley accounts.

Wire transfers

$0 per incoming wire

$25 per outgoing wire if done online (fee waived for Checking and Max-Rate
accounts)

$25 per outgoing wire if done by telephone (domestic or international)

1. You may be eligible for a fee waiver on your standard checkbook reorder.
Refer to the complete rate and fee schedule for more details.

See complete rate and fee schedule
Banking products and services are provided by Morgan Stanley Private Bank,
National Association, Member FDIC.


PREMIUM SAVINGS ACCOUNT

Daily Balance Interest Rate Annual Percentage Yield1 $0+ 4.40%  4.50%

(no minimum monthly account fees, withdrawal limits apply, $0 deposit to open)2


CHECKING ACCOUNT

Daily Balance Interest Rate Annual Percentage Yield1 $0+ 0.05%  0.05%

(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+ 2.96%  3.00%

($5,000 minimum balance,3 $0 deposit to open)2


MONEY MARKET ACCOUNT (NO LONGER AVAILABLE TO NEW ACCOUNTS4)

Daily Balance Interest Rate Annual Percentage Yield1 $0+ 0.01% 0.01%

($1,000 minimum balance5)


COMPLETE SAVINGS ACCOUNT (NO LONGER AVAILABLE TO NEW ACCOUNTS4)

Daily Balance Interest Rate Annual Percentage Yield1 $0+ 0.01% 0.01%

(no minimum balance, no minimum monthly account fees, withdrawal limits apply)


INDEPENDENT CHECKING (NO LONGER AVAILABLE TO NEW ACCOUNTS4)

Daily Balance Interest Rate Annual Percentage Yield1 $0+ 0.01% 0.01%

($1,000 minimum balance5)

DAILY COMPOUNDING: DEPOSITS INSURED TO AT LEAST $250,000 BY THE FDIC

1. As of 07/17/2024. Rates are subject to change at any time and fees may reduce
earnings.

2. Account must be funded within 30 days to remain open.

3. The $15 monthly account fee can be waived when you maintain an average
monthly balance of at least $5,000 in the account on or after the end of the
second statement cycle. Alternatively, you can also waive the fee by 1) setting
up a direct deposit of $200 or more per month to the account (a combination of
direct deposits totaling $200 does not satisfy this requirement), or 2)
maintaining an average monthly balance of at least $50,000 in linked Morgan
Stanley Private Bank, National Association accounts on or after the end of the
second statement cycle, or 3) having a combined balance of $50,000 or more in
linked E*TRADE from Morgan Stanley (held at Morgan Stanley Smith Barney LLC),
and employee stock plan accounts (including vested in-the-money options, stock
option plan shares, ESPP shares, and released restricted stock) on the date the
monthly fee is charged, or 4) having executed at least 30 stock or options
trades during the prior calendar quarter in your linked E*TRADE from Morgan
Stanley accounts.

4. Not available for new account opening.

5. The $10 monthly account fee can be waived when you maintain an average
monthly balance of at least $1,000 in the account on or after the end of the
second statement cycle. Alternatively, you can also waive the fee by 1)
maintaining an average monthly balance of at least $1,000 in linked Morgan
Stanley Private Bank, National Association accounts on or after the end of the
second statement cycle, or 2) having a combined balance of $50,000 or more in
linked E*TRADE from Morgan Stanley accounts (held at Morgan Stanley Smith Barney
LLC), and employee stock plan accounts (including vested in-the-money options,
stock option plan shares, ESPP shares, and released restricted stock) on the
date the monthly fee is charged, or 3) having executed at least 30 stock or
options trades during the prior calendar quarter in linked E*TRADE from Morgan
Stanley accounts.


ETRADE FOOTER



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PLEASE READ THE IMPORTANT DISCLOSURES BELOW.





Securities products and investment advisory services offered by Morgan Stanley
Smith Barney LLC, Member SIPC and a Registered Investment Adviser. Commodity
futures and options on futures products and services offered by E*TRADE Futures
LLC, Member NFA Stock plan administration solutions and services offered by
E*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at
Work. Banking products and services provided by Morgan Stanley Private Bank,
National Association, Member FDIC. All entities are separate but affiliated
subsidiaries of Morgan Stanley. E*TRADE from Morgan Stanley and Morgan Stanley
at Work are registered trademarks of Morgan Stanley.

System response and account access times may vary due to a variety of factors,
including trading volumes, market conditions, system performance, and other
factors.

Statement of Financial Condition | About Asset Protection | Account Agreements
and Disclosures | Quarterly 606 Report | Business Resiliency Plan

©2024 E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy



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