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E*TRADE CDs (Morgan Stanley Private Bank) Review
Our take: Up to 4.80% APY on 2 to 5 year CDs with no minimum deposit, from Morgan Stanley Private Bank. The rate is the one in effect when your money arrives.
Pros
- 4.80% APY on 2, 3 and 5 year terms
- No minimum deposit
- Backed by Morgan Stanley Private Bank
Cons
- Rate is set when funds settle, not when you apply
- No partial withdrawals
- Penalty days are not listed on the rate page
Key facts
- Terms
- 6 to 60 months
- Early withdrawal penalty
- Days of simple interest set by term; can reduce principal
- At maturity
- 7 day grace period
- Partial withdrawals
- Not allowed
- Minimum to open
- $0
- Monthly fee
- No monthly fee
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category
- FDIC certificate
- 34221 (Morgan Stanley Private Bank, N.A., Purchase, NY)
- Mobile app
- E*TRADE app: 4.7 on the App Store, 4.6 on Google Play (Sep 28, 2026)
Source: E*TRADE website, checked Oct 28, 2026. Insurance details from the FDIC BankFind database.
E*TRADE CDs pay up to 4.80% APY (24, 36 and 60 months) and 4.55% APY on 12 months, with no minimum deposit. E*TRADE CDs are held at Morgan Stanley Private Bank, N.A. (FDIC certificate 34221). Rates accurate as of Oct 28, 2026, checked on Oct 28, 2026.
E*TRADE CD rates today
| Term | APY |
|---|---|
| 6 months | 4.20% |
| 9 months | 4.40% |
| 12 months | 4.55% |
| 18 months | 4.55% |
| 24 months | 4.80% |
| 36 months | 4.80% |
| 60 months | 4.80% |
From E*TRADE’s bank rates page, rates accurate as of October 20, 2026. CD rates are fixed for the term once your CD is opened and funded. E*TRADE applies the rate in effect on the settlement date, when your funds are received and posted.
Which E*TRADE CD term is best?
The 2, 3 and 5 year terms share the top rate, so the 2 year CD pays the same APY with the shortest lock up. The 12 and 18 month terms pay less.
Minimum deposit and early withdrawal penalties
There is no minimum deposit. Withdrawing before maturity costs a set number of days of simple interest based on the term, and the penalty can come out of principal if it is larger than the interest earned. Partial withdrawals are not allowed. You can withdraw without penalty during the 7 day grace period after maturity.
How E*TRADE CDs work
- Fixed rate for the full term
- Rate set on the day your funds settle
- 7 day grace period at maturity
- No partial withdrawals
Is E*TRADE safe?
Yes. E*TRADE CDs are deposits at Morgan Stanley Private Bank, N.A., FDIC certificate 34221, insured up to $250,000 per depositor, per ownership category.
Compare CD rates by term: 6 month · 9 month · 1 year · 18 month · 2 year · 3 year · 4 year · 5 year
How it compares
The best CD rate we track right now is Sallie Mae Bank CDs. Compare every CD on our CD rates page. E*TRADE also offers a Premium Savings account.
Who it is best for
- Savers who want a 2 to 5 year rate with no minimum
- Anyone who already has an E*TRADE or Morgan Stanley account
How E*TRADE compares
| Account | Rating | Best APY | 12 month APY |
|---|---|---|---|
| E*TRADE CDs (Morgan Stanley Private Bank) | 4.7 | 4.80% | 4.55% |
| Barclays Online CD | 4.7 | 4.75% | 4.50% |
| Synchrony Bank CDs | 4.7 | 4.75% | 4.30% |
| Capital One 360 CDs | 4.7 | 4.50% | 4.00% |
| Marcus by Goldman Sachs High Yield CD | 4.6 | 4.40% | 4.40% |
| Bread Savings CD | 4.4 | 4.85% | 4.45% |
| CFG Bank CDs | 4.4 | 4.82% | 4.65% |
| Happen Bank CD | 4.4 | 4.76% | 3.50% |
| American Express CDs | 4.4 | 4.40% | 3.65% |
| Always.bank CDs | 4.3 | 4.15% | 4.15% |
| Service Credit Union Share Certificates | 4.3 | 4.10% | 4.10% |
| Sallie Mae Bank CDs | 4.2 | 5.00% | 4.50% |
| Ivy Bank CDs | 4.2 | 4.25% | 4.05% |
| Popular Direct CDs | 4.0 | 5.00% | 4.60% |
| Peak Bank CDs | 4.0 | 3.69% | 3.69% |
E*TRADE CD FAQ
What are E*TRADE CD rates today?
Up to 4.80% APY on 24, 36 and 60 month CDs and 4.55% APY on 12 months, as of Oct 28, 2026.
Is there a minimum deposit?
No. E*TRADE lists CD rates for balances of $0 and up.
Who holds E*TRADE CDs?
Morgan Stanley Private Bank, N.A. (FDIC certificate 34221).
When is my CD rate locked in?
E*TRADE says the rate is the one in effect on the settlement date, when your funds are received, which can be higher or lower than the rate when you applied.
Ready to open E*TRADE CDs (Morgan Stanley Private Bank)?
Rates as of Oct 28, 2026. Confirm the current rate and terms on the provider’s site before you apply.
E*TRADE CDs (Morgan Stanley Private Bank) rate history
Every change we found to this account’s rates in our checks of the bank’s website, newest first, with the date the bank gives for each rate. See every bank on our rate change tracker.