We don’t just help one kind of person. Or one kind of business. Or one kind of nonprofit, family, or trustee. We have a variety of plans for many different investors or traders, and we may just have an account for you. Once your account is up and running, you’ll find plenty of resources to help you spot opportunities—it’s why E*TRADE was ranked #1 in Research from Kiplinger’s in 2023.
Trade or invest in your future with our most popular accounts.
Investing and trading account
Buy and sell stocks, ETFs, mutual funds, options, bonds, and more.
Automated investment management
Get a diversified portfolio that’s monitored and managed for a low annual advisory fee of 0.30% and $500 minimum. 4
NEW: Boost your savings with APY 5
With rates 10X the national average 6 , plus FDIC protection up to $500,000 7 , and more.
Morgan Stanley Private Bank, Member FDIC.
You may be eligible to make income tax deductible contributions
Earnings potentially grow tax-deferred until you withdraw them in retirement.
Tax-free growth potential retirement investing
Pay no income taxes or tax penalties on qualified distributions if you meet certain requirements.
Consider rolling over your old 401(k) plan assets to an E*TRADE from Morgan Stanley IRA
Consolidate assets from a former employer’s retirement plan.
Build your portfolio, with full access to our tools and info.
Investing and trading account
Buy and sell stocks, ETFs, mutual funds, options, bonds, and more.
Save on a tax-deferred basis for a child’s education
Tax-free withdrawals for qualified educational expenses, such as tuition and books.
Brokerage account for a minor
Managed by a parent or other designated custodian until either the minor reaches the statutory age of termination or custodianship is otherwise terminated.
Invest in the future, with retirement accounts from E*TRADE from Morgan Stanley.
Whether you are exploring a Roth or Traditional IRA, or are considering what to do with a 401(k) from a former employer, you’ve got choices.
Consider rolling over your old 401(k) plan assets to an E*TRADE from Morgan Stanley IRA
Consolidate assets from a former employer’s retirement plan.
Tax-free growth potential retirement investing
Pay no income taxes or tax penalties on qualified distributions if you meet certain requirements.
You may be eligible to make income tax deductible contributions
Earnings potentially grow tax-deferred until you withdraw them in retirement.
For inherited retirement accounts
Keep inherited retirement assets tax-deferred while investing for the future.
For retirement investors over age 59½
Upgrade your account for flexible access to cash with free checking, online bill pay, and ATM/debit cards. 2,3
For children with earned income
A retirement account managed by an adult for the benefit of a minor under age 18.
A range of managed portfolios to help meet your needs - choose from our fully managed accounts or our automated investment portfolios.
Automated investment management
Get a diversified portfolio that’s monitored and managed for a low annual advisory fee of 0.30% and $500 minimum.
Bring your future into focus
Eligible clients can get a goals-based plan and investing guidance from a Morgan Stanley Financial Advisor.
Offer retirement benefits to employees. Use the Small Business Selector to find a plan.
Retirement plans offered by E*TRADE from Morgan Stanley.
Retirement plan for the self-employed
Retirement plan for business owners and their spouses that is simpler to administer than a typical 401(k).
For businesses with fewer than 100 employees
Retirement plan with deductible employer and employee contributions.
For the self-employed and small businesses
Flexible annual contributions from 0% to 25% of earned income (subject to certain limits).
For businesses with existing retirement plans
Expand the range of available investment options without changing plan custodians.
FDIC insurance and free transfers.
Fixed rates. Annual Percentage Yield up to 15
Lock in a competitive fixed rate for terms from to . 16
Morgan Stanley Private Bank, Member FDIC.
Everyday banking with no monthly fees and no minimums
ATM fee refunds nationwide. 11,14
Morgan Stanley Private Bank, Member FDIC.
Competitive yield with APY 9
ATM fee refunds worldwide, 10,11 paired with a APY, 37X the national average. 13
Morgan Stanley Private Bank, Member FDIC.
NEW: Boost your savings with APY 5
With rates 10X the national average 6 , plus FDIC protection up to $500,000 7 , and more.
Morgan Stanley Private Bank, Member FDIC.
Flexible financing to help meet your goals
Unlock the power of your portfolio for cash when you need it most.
Purchase or refinance a home
Competitive rates on mortgages with dedicated support and a secure digital experience.
Simply call us at 800-387-2331.
You can start trading within your brokerage or IRA account after you have funded your account and those funds have cleared.
Yes, you can roll over your 401(k) or other employer-sponsored plan to an E*TRADE IRA.
Choose the method that works best for you:
| Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value |
IMPORTANT NOTE: Options and futures transactions are complex and involve a high degree of risk, are intended for sophisticated investors and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options and Risk Disclosure Statement for Futures and Options before you begin trading options. Supporting documentation for any claims made regarding options will be supplied upon request.
Futures margin, also known as a “performance bond,” is the amount of money you are required to deposit in your account to open and hold a futures position. Unlike margin trading in the equity market, futures margin is not a loan. The amount of initial margin (i.e., required upfront capital) is small relative to the notional value of the futures contract. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit, which may work against you as well as for you. You may sustain a total loss of your initial investment, any additional funds deposited to maintain your position, or potentially amounts exceeding your initial investment or the prior days’ minimum regulatory requirements, and which may require you to deposit additional funds into your account to satisfy any resulting debits. If the funds in your account drop below the minimum regulatory requirement at any given time, you may be called upon to pay substantial additional funds on short notice to maintain your position or your position may be automatically liquidated at a loss and you will be liable for any resulting deficit. As a general matter, E*TRADE Futures does not permit physical delivery of commodities or digital assets. Customers that hold futures to maturity may be subject to immediate liquidation including at a loss and appliable fees.
Consolidation is not right for everyone, so you should carefully consider your options. Before deciding whether to retain assets in a retirement plan account through a former employer, roll them over to a qualified retirement plan account through a new employer (if one is available and rollovers are permitted), or roll them over to an IRA, an investor should consider all his or her options and the various factors including, but not limited to, the differences in investment options, fees and expenses, services, the exceptions to the early withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, the tax treatment of employer stock (if held in the qualified retirement plan account), and the availability of plan loans (i.e., loans are not permitted from IRAs, and the availability of loans from a qualified retirement plan will depend on the terms of the plan). For additional information, view the FINRA Website.
Diversification and asset allocation strategies do not ensure profit or protect against loss in declining markets. Investments in securities and other instruments involve risk and will not always be profitable including loss of principal.
Investing in securities involves risk, including possible loss of principal.Prior to investing in a managed portfolio, Morgan Stanley Smith Barney LLC will obtain important information about your financial situation and risk tolerances and provide you with a detailed investment proposal, investment advisory agreement, and wrap fee programs brochure. These documents contain important information that should be read carefully before enrolling in a managed account program. Please read the Core Portfolios Wrap Fee Programs Brochure for more information on the advisory fee, rebalancing methodologies, portfolio management, affiliations, and services offered.
The material provided by Morgan Stanley Smith Barney LLC, Morgan Stanley or any of their affiliates, or by a third party not affiliated with Morgan Stanley is for educational purposes only and is not an individualized recommendation. This information neither is, nor should be construed as, an offer or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product, or instrument discussed herein, or to open a particular account or to engage in any specific investment strategy.
E*TRADE from Morgan Stanley ("E*TRADE") charges $0 commission for online US-listed stock, ETF, mutual fund, and options trades. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). The retail online $0 commission does not apply to Over-the-Counter (OTC) securities transactions, foreign stock transactions, large block transactions requiring special handling, futures, or fixed income investments. Service charges apply for trades placed through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. All fees and expenses as described in a fund's prospectus apply. Additional regulatory and exchange fees may apply. For more information about pricing, visit etrade.com/pricing.
Transaction fees, fund expenses, brokerage commissions, and service fees may applyA distribution from a Roth IRA is federal income tax free and penalty tax free provided the distribution occurs (a) after the five-tax-year holding period, and (b) on or after age 59 1/2, on account of the death or qualifying disability of the Roth IRA owner, or for a qualified first-time homebuyer purchase. The five-tax-year holding period begins with the first tax year for which you made a contribution (or in which you made a rollover or conversion contribution) to any Roth IRA established for you as owner (not as beneficiary of a deceased individual).
All withdrawals from Individual Retirement Accounts will be considered distributions and reportable on IRS Form 1099-R. You must include all amounts you receive from the IRA in your gross income except amounts attributed to nondeductible contributions and amounts rolled back into an IRA or qualified plan. Federal and state income tax will not be withheld from payments from your E*TRADE Complete IRA using the checking, online bill pay or ATM/debit card features of the account, and it is your responsibility to make estimated tax payments if necessary. Withdrawals processed from your E*TRADE Complete IRA using the checking feature will be tax reported on IRS Form 1099-R for the year in which the funds are debited from your IRA after the check is cashed by the payee (even if the check was sent to the payee in the prior tax year). You expressly assume the responsibility for any adverse consequences that may arise from an IRA withdrawal and agree that Morgan Stanley Smith Barney LLC shall in no way be held responsible. Morgan Stanley Smith Barney LLC and its affiliates do not provide tax advice, and you always should consult your own tax advisor regarding your personal circumstances before taking any action that may have tax consequences.
Individual, joint and custodial accounts are eligible for the E*TRADE Complete™ Debit Card. In addition, certain IRA accounts are eligible if you are over age 59½. Not eligible are IRA accounts under age 59½, other retirement accounts, and business or investment club accounts.
The Annual Advisory Fee is 0.30%, or as low as $1.50 for $500 in assets, and is the direct fee charged to any client in the advisory program. The advisory fee does not cover underlying management fees and expenses of any mutual fund or ETF investment held in the portfolio.
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.
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
Morgan Stanley Financial Advisors, Private Wealth Advisors, and Morgan Stanley Virtual Advisors (collectively, Financial Advisors) are licensed representatives of Morgan Stanley Smith Barney LLC. We may connect you with an E*TRADE representative before you speak with a Morgan Stanley Financial Advisor. Opening an account with a Morgan Stanley Financial Advisor may require minimum asset levels. Other eligibility requirements may apply and certain products and services (including any lifestyle programs) are not available to or appropriate for all clients. Fees may apply should you choose to open an account with Morgan Stanley. Account fees and other important information can be found at www.morganstanley.com/iai.
As of , the Annual Percentage Yield (APY) of the Max-Rate Checking Account is . Your interest rate and APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for information regarding interest rate tiers, current interest rates, and corresponding APYs.
With Max-Rate Checking, Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank") will not charge you a fee for withdrawing funds from any institution's ATM but the owner/operator of the ATM may charge a fee. In those cases, we will refund ATM fees charged worldwide. For additional information and important details about how the ATM fee refund will be applied, please visit the etrade.com/rateandfee for more details.
Morgan Stanley Private Bank imposes a charge equal to 1% of the transaction amount (including credits and reversals) for non-U.S. currency transactions. Refer to the etrade.com/rateandfee for more details.
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.
Based on comparison to the National Deposit Interest Checking Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of June 17, 2024.
With Checking, Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank") will not charge you a fee for withdrawing funds from any institution's ATM but the owner/operator of the ATM may charge a fee. In those cases, we will refund ATM fees charged nationwide. For additional information and important details about how the ATM fee refund will be applied, please visit the etrade.com/rateandfee for more details.
Certificate of Deposit (CD) interest rates are fixed from the start of the term until their maturity date. CD offerings can change on a daily basis. The interest rates for new accounts are locked in for the entire term of the CD starting on the Settlement Date. Settlement Date is when funds are received and posted to your account according to our Funds Availability policy, found in section 3 of the Morgan Stanley Private Bank Deposit Account Agreement. The interest rate on the Settlement Date can be higher or lower than the interest rate that was available at the time of account opening. If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of Settlement. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. A withdrawal will reduce earnings. See the CD Rate Table page on the E*TRADE website for information on term lengths, current interest rates and corresponding APYs. Interest is compounded daily. Interest will compound from the Settlement Date until the last full day before the date of withdrawal using the daily balance method. Accrued interest posts to your account on a quarterly basis, unless you select at account opening to receive interest via check.
Deposits Transaction Limits: You may make a one-time deposit, via ACH, wire, or check, to fund the account within 30 calendar days of opening the account. Deposits after this window are not permitted at any time. Unless otherwise provided, partial withdrawals and additional deposits are not permitted. Interest earned on the account can be paid out via check, if you chose that option at opening, otherwise you may not withdraw interest prior to maturity. A withdrawal of interest will reduce earnings. Withdrawals: You may make a full withdrawal, without penalty, during the grace period in the 7 calendar days immediately following maturity. If you choose to make a withdrawal before maturity, or after the 7-day grace period has ended, an Early Withdrawal penalty will be assessed (refer to “Early Withdrawal penalties” section for more detail). Partial withdrawals are not permitted at any time. Certificate of Deposit (CD) customers agree to keep funds on deposit for a fixed period of time. Unless otherwise provided, withdrawals outside of the grace period are not permitted and may result in an early withdrawal penalty. If the penalty amount exceeds the accrued interest, the principal is also subjected to penalty. We may elect not to impose a penalty for a withdrawal of principal following the death or adjudication of incompetence of any account owner if the account was opened before such adjudication and not extended or renewed after that date.
Residential mortgage loans/home equity lines of credit are offered by Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. With the exception of the pledged-asset feature, an investment relationship with Morgan Stanley Smith Barney LLC does not have to be established or maintained to obtain the residential mortgage products offered by Morgan Stanley Private Bank, National Association. All residential mortgage loans/ home equity lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Rates, terms, and programs are subject to change without notice. Residential mortgage loans/ home equity lines of credit may not be available in all states; not available in Guam, Puerto Rico and the U.S. Virgin Islands. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is an Equal Housing Lender and Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency. Nationwide Mortgage Licensing System Unique Identifier #663185. The proceeds from a residential mortgage loan (including draws and advances from a home equity line of credit) are not permitted to be used to purchase, trade, or carry eligible margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; or to make payments on any amounts owed under the note, loan agreement, or loan security agreement; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
In Kiplinger's annual Best Online Brokers Review of 10 firms across seven categories issued August 31, 2023, and based on evaluation conducted from August 26, 2022 – August 26, 2023, E*TRADE from Morgan Stanley earned an overall score of 67.2 out of 100. E*TRADE’s ratings for all category rankings include: Research (#1), Overall (#2), Investment Choices (#3), Smartphone App (#3), Fees (#4), User Experience (#4), Tools (#5), and Advisory Services (#5). Read the full “Best Online Brokers and Trading Platforms 2023” survey.
From Kiplinger's Personal Finance. © 2023 The Kiplinger Washington Editors. All rights reserved. Used under license.
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.
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