PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
June 3, 2024, Buy Side from Wall Street Journal. Reprinted with permission by Dow Jones & Company, Inc.
With Premium Savings Account, withdrawal limits apply. Account holders are allowed up to six withdrawals or transfers (for example, using Transfer Money) from their account in any calendar month. Inbound Transfer Money transactions are not subject to any limits. If transaction limitations are exceeded, we may close the account, or convert it to a Checking account, or remove the account’s transfer and draft capacity. Funds may be transferred to another Bank account by written request signed by the account holder(s), by telephone request through Bank personnel, over the internet, or by electronic funds transfer, if you subscribe to such services. See your Account Agreement for additional details.
As of , the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association is . Your interest rate and 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.
Based on comparison to the National Deposits Savings Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of June 17, 2024.
If the $10,000 deposit and all accrued interest is kept in the account for an entire year.
The Premium Savings Bank Deposit Program (the "Program") gives Morgan Stanley Private Bank, National Association the ability to sweep any amount held on deposit in your Premium Savings Account to other depository accounts at Federal Deposit Insurance Corporation ("FDIC") member banks with the purpose of affording you additional FDIC insurance coverage. The Program is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts).Learn more
Transfer 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.
Mobile check deposit is available to most E*TRADE and Morgan Stanley Private Bank, National Association US retail customers. CD, HELOC, and futures accounts are not eligible for mobile check deposit. Mobile check deposit limit is $250,000 per day, per customer logon. System limitations may apply.
More information about the competitor accounts may be found on the respective competitor websites: https://www.bankofamerica.com/deposits/savings/savings-accounts/, https://www.chase.com/personal/savings/interest-savings/interest-rates, https://www.wellsfargo.com/savings-cds/way2save/. Rates reflect the highest tiered rate in New York. We believe the above competitor information to be reliable, but neither Morgan Stanley Private Bank nor its affiliates guarantee its accuracy, timeliness, or completeness.
No minimum initial deposit is required to open an account. However, account must be funded within 30 days to remain open.
Banking products and services are provided by Morgan Stanley Private Bank, National Association, MemberFDIC.
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 ©currentYear E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy
