Morgan Stanley Private Bank (Offered through ETrade)

Deposit Rates APY Vs.Others
Savings 4.25% 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
3-Year CD N.A. 5.10% →
4-Year CD N.A. 4.60% →
5-Year CD N.A. 4.61% →

2024 Overview

General Online Bank Information

Money that you deposit is held by Morgan Stanley Private Bank, National Association. Morgan Stanley Private Bank, National Association is an FDIC insured institution founded in 1996. It has approximately $198.52 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Morgan Stanley Private Bank, National Association
FDIC Certificate # 34221
Date Established 1996
Assets $198.52 billion
Loans $132.4 billion
Deposits $180.07 billion
Capital $16.44 billion

For a more detailed analysis of Morgan Stanley Private Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 26, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Premium Savings Account
4.25% $0 - Learn More


Bank Offers

ETrade Bank Slashes Savings Rate from 2.10% to 1.75%
Aug 8, 2019

ETrade says not to worry because their rates are still 17x the market rate.   But, this is well below any line in the sand that we suggested depositors draw

Climate Initiatives

Morgan Stanley Private Bank (Offered through ETrade) is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.

Customer Reviews for Morgan Stanley Private Bank (Offered through ETrade)

  • January 10, 2024 |

    Account was frozen (over 400K) after they confused our account with another account / person whose name was not even very similar. We were treated like dirt after 12 years and "Guilty until Innocent". I had to get a lawyer involved to help and the attorney was so bothered, she later charged us only half her fee but still about $1,000 we did not get back for THE BANK ERROR was NOT our fault in ANY way. They would not even waive the transfer fee out when we left ($75 transfer to new brokerage + $95 account closure fee). We had three accounts. This really took a sting. They were nasty until the end. I would pick a smaller brokerage. I was a cog in the system and I have heard of account freezes happening to others by mistake.

  • July 29, 2022 |

    Online Savings Rates

    Been with Etrade-Morgan Stanley for decades. Always fantastic service & can move funds online in a second from savings to brokerage for trading. Very competitive on saving rates. Very happy customer in Frisco, TX!

  • September 8, 2019 |

    Opened an account and did $1000 for my initial deposit. If your balance averages below $1000 they charge you $10 a month. ETrade withdrew the $1000 from my checking account then, without reason, abruptly decided to close my account. I called them to find out why they closed it and they would not give me a reason other than "we decided not to do business with you". Mind you, I have 5 other online savings account and my credit is in good standing. I have no criminal history. So after they took $1000 out of my checking account, they froze my etrade savings account and I had no way of getting my $1000 back. 5 phone calls and hours of my time later I was able to get my local bank to reverse debit the $1000 back from the jerks. BEWARE!! I would not use them for online savings or for a brokerage account. Very very poor way to treat a new customer. They will withdraw your money, then freeze your account and you have a big problem on your hands. STAY AWAY!!!!!!!!

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