Online Banking Services | Morgan Stanley Private Bank (2024)

For details and important information about Transfer Money, pleaseclick herefor a listing of the limitations, restrictions and time deadlines associated with this service.

As of , the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association is 4.25% for balances of $500,000 or more, 4.25% for balances of $100,000-$499,999, 4.25% for balances of $50,000-$99,999, 4.25% for balances of $5,000-$49,999, and 4.25% for balances of less than $5,000. Rates are subject to change daily and fees may reduce earnings.

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 January 16, 2024.

Morgan Stanley Private Bank, National Association ("MSPBNA”)’s Premium Savings Account offers an enhanced Federal Deposit Insurance Corporation ("FDIC") coverage feature (“Enhanced FDIC Coverage Feature”, or, the “Feature”) which gives MSPBNA the ability to transfer any amount held on deposit in your Premium Savings Account (“PSA Deposits”) to other depository accounts at FDIC member banks (“Program Banks”) with the purpose of providing you additional FDIC insurance coverage. The Feature is designed to offer up to $500,000 in FDIC coverage for individual accounts and up to $1,000,000 for joint accounts.Learn more.

No minimum initial deposit is required to open an account. However, account must be funded within 30 days to remain open.

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 Max-Rate Checking Account is 3.00% for balances of $50,000 or more, 3.00% for balances of $5,000 - $49,999, and 3.00% for balances of less than $5,000. 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.

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 October 13, 2023.

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.

Deposits held in checking accounts are FDIC insured to at least $250,000. Learn more.

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.

As of , the Annual Percentage Yield (APY) of the Checking Account is 1.50%. 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.

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.

Line of Credit (“LOC”) is a securities based line of credit product, the lender of which is Morgan Stanley Private Bank, National Association, an affiliate of Morgan Stanley Smith Barney LLC. All LOC lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. The APR (Annual Percentage Rate) is calculated based on a 360-day year and includes both the interest rate and certain fees and other charges related to the loan. A processing fee, currently $10, will be charged for Line of Credit payments made by check. Other bank fees that may apply can be foundhere.Your interest rate will be a variable rate based on an index plus a margin. The index is currently the sum of two components: 1) the 30-day rolling compounded average Secured Overnight Financing Rate (SOFR), as published by the Federal Reserve Bank of New York and 2) a variable rate adjustment. The SOFR rate may be reset every business day (or the following business day in event of a holiday). The margin, or interest rate spread, is a percentage above the index. Your interest rate will increase or decrease based on changes in the index.See here for current rates.

LOC may not be available in all locations. Rates, terms and conditions are subject to change without notice. If any of the pledged collateral for your Line of Credit is held in a managed portfolio, failure to satisfy a maintenance call may result in the termination of any applicable advisory agreement. To be eligible for a LOC, a client must have a brokerage account at E*TRADE from Morgan Stanley that contains eligible securities, which shall serve as collateral for the LOC. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association is a Member FDIC that is primarily regulated by the Office of the Comptroller of the Currency.The proceeds from a LOC (including draws and other advances) may not be used to purchase, trade, or carry margin stock; repay margin debt that was used to purchase, trade, or carry margin stock; and cannot be deposited into an E*TRADE from Morgan Stanley, Morgan Stanley Smith Barney LLC or other brokerage account.

The amount you may be able to borrow will be based upon the eligible market value of your investments, at Morgan Stanley Private Bank, National Association's discretion. In some cases, due to certain risk factors like security concentration or liquidity issues, the amount you can borrow may be reduced.

Securities-based lending involves special risks and is not appropriate for everyone. Be sure to carefully review product details, risks and benefits to ensure this product is right for you. A decline in the value of your pledged collateral may require you to provide additional funds or securities. You can lose more funds than are held in the collateral account. A Line of Credit account is a full-recourse loan and you will be held liable for any deficiency. Morgan Stanley Private Bank, National Association can enforce a liquidation of any pledged collateral and can do so without contacting you first. You are not entitled to choose which securities in the collateral account are liquidated. Morgan Stanley Private Bank, National Association can modify its maintenance requirements at any time, without notice to you. You are not entitled to an extension of time to resolve a maintenance call. If your assets are liquidated, there may be adverse tax or other consequences. A Line of Credit is an uncommitted demand facility, which means the bank may demand full or partial repayment at any time or elect not to advance funds.

Your applicable interest rate will be determined by your estimated credit line at the time of application and is subject to change. This rate is calculated based on a 360-day year. Rates are tied to the 30-day rolling compounded average Secured Overnight Financing Rate (SOFR), as published by the Federal Reserve Bank of New York, plus a variable rate adjustment, plus a margin. The SOFR rate may be reset every business day (or the following business day in event of a holiday). Processing fees may apply for payments made by check. Please see rates, fees and other important information at etrade.com/lineofcreditrates.