American Express vs. E*TRADE from Morgan Stanley
Comparing American Express and E*TRADE from Morgan Stanley for high-yield savings: American Express's High Yield Savings Account pays 3.20% APY while E*TRADE from Morgan Stanley's Premium Savings Account pays 3.35% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? E*TRADE from Morgan Stanley pays $15 more than American Express annually ($335 vs $320).
Choose E*TRADE from Morgan Stanley if getting the best rate matters most.
| Metric | American ExpressHigh Yield Savings Account Mar 24, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Mar 24, 2026 |
|---|---|---|
| APY | 3.20% | 3.35% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$168 $10,000+$335 $25,000+$838 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing American Express vs. E*TRADE from Morgan Stanley
Executive Summary
E*TRADE from Morgan Stanley offers a Premium Savings Account with an APY of 3.35%, making it the higher-yield option compared to American Express's High Yield Savings Account, which has an APY of 3.20%. Both accounts have no minimum deposit or maintenance fees and are available online only. While American Express is noted for its excellent mobile app experience, E*TRADE provides better returns for both smaller and larger deposits. Additionally, neither account requires direct deposit, enhancing accessibility for potential customers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
No distinct advantages found vs E*TRADE from Morgan Stanley.
Why E*TRADE from Morgan Stanley?
- ✓Higher potential APY (3.35% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account earns more on smaller deposits (approx. $335 vs $320/yr).
Better Returns at $25,000
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account pulls ahead with larger amounts (approx. $838 vs $800/yr).
Best Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.9 (vs. 4.7)
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $15 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
American Express vs. E*TRADE from Morgan Stanley Savings Calculator
You earn $15 more with E*TRADE from Morgan Stanley than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$335.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,335.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $319 per year in interest.
Both American Express and E*TRADE from Morgan Stanley dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | American Express | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.20% Verified: 3/24/2026 ↘︎ 0.20%90d Change | 3.35% Verified: 3/24/2026 ↘︎ 0.15%90d Change |
| Product Name | High Yield Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0+ |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Available for Premium Savings and Checking. |
| BBB Rating | F | D- |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | E*TRADE from Morgan Stanley |
|---|---|---|
| High Yield Savings Account | Premium Savings Account | |
Current APY | 3.20% | 3.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.7 | -6.5 |
Days Since Change | 6 | 49 |
12-Month High | 3.70% | 4.00% |
12-Month Low | 3.20% | 3.35% |
Adjustments / Mo | 0.41 | 0.25 |
Volatility Score | 0.039 | 0.067 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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