Offer value details
E*TRADE lists a Premium Savings Account promotion from Morgan Stanley Private Bank, National Association, Member FDIC, with a 4.00% promotional APY for six months and a separate $400 cash bonus path when promo code SAVING26 is used.
Qualification requirements
Open a new Premium Savings Account during the June 5, 2026 to September 30, 2026 enrollment period and use promo code SAVING26 for the cash bonus. The $400 bonus requires at least $20,000 in qualifying net-new funds within 30 days after opening and an average daily balance meeting the minimum during the 45-day maintenance period that begins on day 31. E*TRADE says the bonus is paid within 30 days after the maintenance period, or about 105 days after account opening.
Fees and costs
The rates and fees page lists no monthly account fees and a $0 minimum opening deposit for Premium Savings. Review the complete fee schedule before opening because wire, check, transfer, or other account-service costs can still matter.
Availability
The promotion is for new Premium Savings Accounts from Morgan Stanley Private Bank, National Association, Member FDIC. Existing Premium Savings Accounts are ineligible for the boosted rate, and the terms exclude Checking, Max-Rate Checking, line of credit, IRA and non-IRA brokerage accounts, non-U.S. residents, residents where the offer is not valid, and customers already enrolled in another PSA cash bonus offer.
What to verify
- The 4.00% APY is promotional for 180 days and then reverts to the variable standard APY.
- The $400 cash bonus requires $20,000 in qualifying net-new funds within 30 days and a 45-day maintenance period.
- Existing Premium Savings Accounts and several E*TRADE or Morgan Stanley account types are excluded from the promotion.
- Balances above $10,000,000 can cause the whole account balance to earn the standard rate after the stated notice period.
- The cash bonus may be reported as taxable interest income.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.