Premium Savings Account

Special offer: Earn a boosted 3.75% APY,1 plus up to $2,000*

Get 3.75% APY for six months, plus a cash bonus up to $2,000 with a new Premium Savings Account.* Afterward, you'll earn our base rate, which is currently —8X the national average.2,3

Use promo code: SAVE26

Premium Savings Account

Special offer: Earn a boosted 3.75% APY1

Get 3.75% APY for six months with a new Premium Savings Account. Afterward, you'll earn our base rate, which is currently —8X the national average.2,3
Base Annual Percentage Yield (APY) as of and is subject to change. Premium Savings Account offered by Morgan Stanley Private Bank, National Association, Member FDIC. See additional terms in the footer.

Award-winning high-yield savings

Benefits of a Premium Savings Account
  • Market-leading APY
  • No minimum deposit4
  • No monthly account fees
  • FDIC protected5
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You earned monthly interest of $257.58 at 3.75% APY
For illustrative purposes only

Grow your savings with 3.75% APY1 — 9X the national average2

See how our market-leading rates stack up.6
Morgan Stanley Private Bank Premium Savings Account
3.35% Base Rate
+0.40% Boost
3.75%

Bank of America Advantage Savings

0.01%

Chase Premier Savings

0.01%

Wells Fargo Way2Save Savings

0.01%

FDIC National Savings Average

0.39%
Annual Percentage Yield for competitor accounts as of 2/3/2026.

For a limited time

Earn a boosted 3.75% APY for six months,1 plus up to $2,000*

Open and fund a new Premium Savings Account with qualifying deposits by 3/11/2026. Terms apply.

Use promo code: SAVE26

For a limited time

Earn a boosted 3.75% APY for six months1

Open and fund a new Premium Savings Account with qualifying deposits by 3/11/2026. Terms apply.

A market-leading rate with even more great features

Easy money movement

Access and transfer cash 24/7, and manage your money from anywhere online and with our mobile app.7

Instant transfers to E*TRADE

Move money to your brokerage account instantly when you're ready to invest.8

FDIC protection

All deposit accounts are insured up to applicable limits. Certain conditions must be satisfied.5

24/7 support

Have questions? We're here to help 24/7, 365 days a year.

Open an account in 3 easy steps

1

Open an account

Answer some questions in just a few minutes.
Get started

2

Make a deposit

Choose from four simple ways to fund your account.
See options arrow_forward

3

Transfer funds

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

Earn 3.75% APY for six months,1 plus up to $2,000*

Open and fund a new Premium Savings Account with qualifying deposits by 3/11/2026. Terms apply. Use promo code: SAVE26
Learn how

1

Open an account

Answer some questions in just a few minutes.

2

Make a deposit

Choose from four simple ways to fund your account.
See options arrow_forward

3

Transfer funds

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

For a limited time

Earn 3.75% APY for six months1

Open and fund a new Premium Savings Account with qualifying deposits by 3/11/2026. Terms apply.
Open an account

Awards and recognition

Premium Savings Account from Morgan Stanley Private Bank rated "Best Savings Account for Investors” three years in a row.
Stock Brokers dot com 2025 annual Awards
Buy Side by Wall Street Journal 2025 Review9

Education and resources

Insights to stay informed and inspired
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How compound interest can supercharge your savings

Learn how compound interest is one of the most powerful tools available to grow your money.
Read more arrow_forward
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Three ways to manage your cash more strategically

Discover the different purposes cash serves in bank and brokerage accounts.
Read more arrow_forward
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Choosing a Bank CD or high-yield savings account?

Compare the two account types to find the right one for you
Read more arrow_forward
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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.
Read more arrow_forward

Frequently asked questions

  • 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.

  • No. The boosted rate is only available for a new Premium Savings Account, opened from February 11, 2026 to March 11, 2026. 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 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.

  • 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.

  • There is no minimum deposit required to open your account, no monthly fees to maintain your account, and no ongoing balance requirements.

  • Our Premium Savings Account offers unlimited, penalty-free access to your cash, making it a great choice for those who want to maintain liquidity. By contrast, with a Certificate of Deposit (CD), you agree to leave your money untouched for a time frame that fits your goals, and in return you generally receive a higher fixed rate. You can choose one or both accounts based on your individual financial needs and preferences.

  • Yes, the Premium Savings Account is insured at least $500,000.*

    *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.

Frequently asked questions

  • 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.

  • No. The boosted rate is only available for a new Premium Savings Account, opened from February 11, 2026 to March 11, 2026. Existing Premium Savings Accounts are ineligible.  Please see the terms and conditions 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.

  • There is no minimum deposit required to open your account, no monthly fees to maintain your account, and no ongoing balance requirements.

  • Our Premium Savings Account offers unlimited, penalty-free access to your cash, making it a great choice for those who want to maintain liquidity. By contrast, with a Certificate of Deposit (CD), you agree to leave your money untouched for a time frame that fits your goals, and in return you generally receive a higher fixed rate. You can choose one or both accounts based on your individual financial needs and preferences.

  • Yes, the Premium Savings Account is insured at least $500,000.*

    *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.