E*Trade (Morgan Stanley Private Bank) is running promotions for new customers on both their savings and checking accounts:
- Premium Savings up to $1,000 deposit bonus + 3.75% APY
- Max-Rate Checking $300 bonus + up to 2.00% APY
Savings promo details.
- Offer is valid for new E*TRADE from Morgan Stanley clients who open a Premium Savings Account by 2/28/2026 with a deposit of $25,000+ of qualifying new money within the first 30 days after account opening. See tiers below. Use promo code SAVE100.
- Maintain an average daily balance in your enrolled Premium Savings Account that meets the Minimum Maintenance Balance of your Deposit Tier. The average daily balance calculation will begin from Day thirty (30) of account opening and will end forty-five (45) days following (“Maintenance Period”).
- After the requirements are satisfied, E*TRADE will deposit the bonus within thirty (30) days following the end of the Maintenance Period.
If your deposit meets the minimum of a tier exactly ($25k, $50k, $75k, $100k) then it works out to a 1% bonus ($250 on $25k, etc). If let’s say you hold for 60 days for some wiggle room, that works out to a 6% bonus on an annualized basis. Add on the current 3.75% APY on the Premium Savings account for a total of 9.75% APY. Not bad.
Checking promo details.
- Open one new Checking or Max-Rate Checking Account from Morgan Stanley Private Bank by the end of the offer period (currently 12/31/25). You must apply promo code CHECKING25 at the time of account opening. No minimum initial deposit is required to open an account. However, account must be funded within 30 days to remain open. You are not eligible if you have or had owned or co-owned (joint) a Checking or Max-Rate Checking Account within the last 12 months from when you enroll in this offer.
- Set up and receive at least two Direct Deposits each of $1,500 or more to your Checking or Max-Rate Checking Account within 90 days from account opening.
- Your bonus should arrive around 120 days from account opening.
As of 11/10/2025, Max-Rate Checking Account pays 2.00% APY. You must maintain a $5,000 average monthly balance, otherwise there is a $15 monthly fee. The basic Checking Account only pays 0.05% APY (basically nothing), but has no minimum balance.
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This sounds like one of the best bonus deals on a savings account I have seen in a long while. I think I will park some safe money there and pick up the bonus.
This one might be better, Rock: https://www.liveoak.bank/personal-savings/
I agree with you.
isn’t the savings code SAVE1000 not SAVE100?
I see SAVE100.
Bonus is just $250 for 25-50K savings; need quite more for $1000
Yes, up to $1,000.
Opened an account there a year back. Poor support and overall not close to the experience web/mobile needed to become my primary checking/savings I thought it would be going into it. Still at ally and using Schwab a bit more these days.
Will other ACH bank institutions trigger bonus or do we need real data points ss, pay etc?
Any ideas?
Opened an account but got stuck in telephone number verification. “We’re unable to use your phone number to verify your identity”. Uploaded my CA DL and selfie via cell phone, Called CSR, he was not able to help, he said wait for 2 weeks. He gave me the routing number so I can fund the account. Why should I fund the account if I am not allowed to login?
1- What counts as a “Direct Deposit”? Can I transfer money to myself, or does it have to be from a paycheck?
“Set up and receive at least two Direct Deposits each of $1,500 or more to your Checking or Max-Rate Checking Account within 90 days from account opening.”
2- Will there be a credit check? I currently have my credit bureaus locked.
For what it’s worth, if you have a 7 year fraud alert as I do on my credit files, you’ll have to submit some documents. I couldn’t get cell phone verification to work, no Google Voice, my mobile number didn’t work; I called and I had to submit to a DocuSign website photos of myself, my drivers license, and a written statement with my name, account name, account number, and an ID from a 2FA application, VIP Access. I have to confirm if this was enough on Tuesday or Wednesday.
Most work I’ve ever had to do to try to get a bonus. This might or might not be why I couldn’t add either of my bank accounts for funding with Yodlee.
Good luck!
So we only need to keep our money in for 60d even though the bonus doesn’t get deposited until after 120d?
“If let’s say you hold for 60 days for some wiggle room, that works out to a 6% bonus on an annualized basis.”
“Your bonus should arrive around 120 days from account opening.”