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E*TRADE Premium Savings logo

E*TRADE Premium Savings

4.25% APY for 6 months on new accounts (up to $10M), then a 3.75% base rate; no minimum, no monthly fee

Rates verified October 14, 2026
High-Yield Savings
Open account

The Bottom Line

Best for
Someone opening a new Premium Savings account between September 22, 2026 and January 10, 2027 who wants the six-month 4.25% rate and the cash bonus of up to $800, and who already uses, or will use, an E*TRADE brokerage account.
APY
3.75% (verified Oct 14, 2026). All rates and fees

Key facts

  • Min. deposit: None
  • Monthly fee: None
  • Insurance: FDIC insured

Pros

  • Enhanced FDIC coverage: up to $500,000 individual / $1,000,000 joint through a program bank sweep
  • 4.25% APY for 6 months on new accounts, plus a cash bonus of up to $800 with code SAVE800 (terms apply)
  • Offered by Morgan Stanley Private Bank, N.A., Member FDIC

Cons

  • The 4.25% rate is temporary (6 months); the base rate is variable and was 3.75% APY on October 14, 2026
  • Existing Premium Savings accounts do not get the promo
  • No ATM or debit card is described for the savings account on E*TRADE's page

At a glance

Rates verified October 14, 2026
APY
3.75%
APY note
Standard base rate 3.75% APY as of 10/14/2026 (variable, no balance tiers, no minimum). The promotional rate is 4.25% APY for the first 6 months on balances up to $10,000,000 for new accounts opened September 22, 2026 to January 10, 2027; the page shows it as the 3.75% base rate plus a 0.50% boost.
Minimum deposit
None
Monthly fee
None
FDIC
Enhanced FDIC Coverage Feature: sweep across Program Banks, up to $500,000 individual / $1,000,000 joint
Institution
Morgan Stanley Private Bank, N.A.
ATM access
No

Sources: us.etrade.com/bank/premium-savings-account, us.etrade.com/bank/bank-rates, read October 14, 2026

Rates today

Last verified October 14, 2026
Rates as read on the provider's page, with the date of the reading shown above
ItemValueDetail
Promo boosted rate (first 6 months, new accounts opened Sep 22, 2026 to Jan 10, 2027)4.25% APYNone, up to $10M
Base rate (standard, after promo)3.75% APYNone, $0+

What changed. Re-checked October 14, 2026 on us.etrade.com/bank/premium-savings-account and E*TRADE's bank rate sheet. The promo is now 4.25% APY for 6 months on new accounts opened September 22, 2026 to January 10, 2027, plus a cash bonus of up to $800 with promo code SAVE800. The earlier promo for accounts opened June 5 to September 30, 2026 is no longer shown. The base rate is 3.75% APY, up from 3.50%.

How this rate compares

10.1x

the FDIC national savings average of 0.37% (September 21, 2026). On a $10,000 balance that is about $338 more in a year.

Moved up from 4.00% to 4.25%

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

E*TRADE Premium Savings: headline APY on each date it was confirmed to have changed
DateHeadline APY
September 5, 20264.00%
September 22, 20264.25%

Versus named competitors

As of October 14, 2026, E*TRADE Premium Savings posts 3.75% APY. The table below uses each competitor's own last-verified print, not a shared snapshot.

E*TRADE Premium Savings next to named competitors: headline APY and term, each with the date it was last verified
ProductHeadline APYTermVerified
E*TRADE Premium Savings3.75%variableOctober 14, 2026
Marcus Online Savings3.50%variableOctober 14, 2026
Ally Online Savings3.10%variableOctober 21, 2026
Forbright Growth Savings3.85%variableOctober 14, 2026
Pibank Savings4.25%variableOctober 14, 2026

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$375 a year on a $10,000 balance

At 3.75% APY, $10,000 earns about $375 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $338 more for moving the same money. APY is variable and shown as of the date above.

E*TRADE Premium Savings: summary of published terms

E*TRADE Premium Savings shows a 4.25% APY for six months on new accounts opened September 22, 2026 to January 10, 2027, plus a cash bonus of up to $800 with code SAVE800 (qualifying deposits, terms apply), as of October 14, 2026. The base rate after the promo is 3.75% APY and is variable. The 4.25% headline is temporary.

Highlights

  • 4.25% APY for six months on new accounts, shown on E*TRADE's page on October 14, 2026
  • 3.75% base APY on E*TRADE's bank rate sheet as of 10/14/2026
  • Cash bonus up to $800 with promo code SAVE800 (qualifying deposits, terms apply)
  • No monthly fee and no minimum deposit
  • Enhanced FDIC coverage up to $500,000 individual / $1,000,000 joint

Limitations

  • The 4.25% promo lasts six months and is closed to existing Premium Savings accounts
  • The promo applies to accounts opened by January 10, 2027
  • The base rate is variable and can change at any time
  • No ATM or debit card is described for the savings account on E*TRADE's page

Automated summary of the provider's published terms. Not a collection of user reviews.

Editorial policy

What is E*TRADE Premium Savings?

Sources read on the date shown
E*TRADE Premium Savings is a promo stack for switchers: six months at 4.25% APY plus a cash bonus of up to $800, with Morgan Stanley Private Bank behind it. The honest verdict: front-loaded value and enhanced FDIC coverage, but the 4.25% is temporary and the ongoing rate is the 3.75% base. New accounts opened between September 22, 2026 and January 10, 2027 earn a promotional 4.25% APY for the first 6 months on balances up to $10,000,000, as shown on E*TRADE's Premium Savings page and bank rate sheet on October 14, 2026. The page presents the 4.25% as a 3.75% base rate plus a 0.50% boost. There is no minimum deposit, no minimum balance for the rate, and no monthly fee. A separate cash bonus of up to $800 applies with promo code SAVE800 on qualifying deposits; terms apply. Deposits sweep across program banks for FDIC coverage up to $500,000 individual or $1,000,000 joint. The catches: the 4.25% headline expires after six months, existing Premium Savings accounts do not qualify, and the base rate is variable (3.75% APY as of October 14, 2026, and E*TRADE says rates can change at any time). E*TRADE's page describes no ATM or debit card for this account.
Sourceus.etrade.com ↗

Key details

4.25% APY promo for first 6 months on balances up to $10M (new accounts opened Sep 22, 2026 to Jan 10, 2027)Cash bonus up to $800 with promo code SAVE800 (qualifying deposits, terms apply)Enhanced FDIC coverage via program bank sweep ($500,000 individual / $1,000,000 joint)Transfers to and from E*TRADE brokerage accountsNo minimum deposit and no monthly feeMorgan Stanley Private Bank, N.A., Member FDIC

Recent changes to these figures

What changed when we last re-read the E*TRADE Premium Savings page, with the date.

  • Base APY 3.50% to 3.75%; six-month promo for new accounts 4.00% to 4.25% (accounts opened Sep 22, 2026 to Jan 10, 2027), read on E*TRADE's page.

Best E*TRADE Premium Savings Alternatives

Top alternatives based on rates, fees, and eligibility.

Marcus Online Savings logo
Marcus Online Savings

3.50% APY, no minimum deposit, no fees, same-day transfers of $100,000 or less, from Goldman Sachs Bank USA

Ally Online Savings logo
Ally Online Savings

3.10% APY, no monthly fees or minimums, with savings buckets and Surprise Savings tools

Forbright Growth Savings logo
Forbright Growth Savings

3.85% APY as of October 14, 2026, with no fees and no minimums

Pibank Savings logo
Pibank Savings

4.25% APY with no minimum balance and no fees (as of 09/29/2026), from Pibank, a brand of Intercredit Bank, N.A.

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E*TRADE Premium Savings FAQ

What is the current APY on E*TRADE Premium Savings?

New accounts opened September 22, 2026 to January 10, 2027 earn a promotional 4.25% APY for the first 6 months on balances up to $10,000,000, as of October 14, 2026. After that the standard base rate applies: 3.75% APY as of October 14, 2026, which is variable. Existing Premium Savings accounts are ineligible for the promo.

How does the E*TRADE Premium Savings cash bonus work?

ETRADE offers a cash bonus of up to $800 with promo code SAVE800 on qualifying deposits; terms apply. It is separate from the 4.25% six-month rate. Check the offer terms on ETRADE's page before you fund the account.

Is E*TRADE Premium Savings FDIC insured?

Yes, through the Enhanced FDIC Coverage Feature: deposits sweep across Program Banks, with coverage up to $500,000 for individual accounts and $1,000,000 for joint accounts.

What are the minimums and fees?

There is no minimum deposit to open the account, no minimum balance for the rate, and no monthly fee.

Source: us.etrade.com

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