Charles Schwab Bank vs. E*TRADE from Morgan Stanley
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
E*TRADE from Morgan Stanley
Premium Savings Account
3.75%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
E*TRADE from Morgan Stanley
Premium Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Charles Schwab Bank vs. E*TRADE from Morgan Stanley Savings Calculator
E*TRADE from Morgan Stanley earns $2,187.7 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. E*TRADE from Morgan Stanley
Why Charles Schwab Bank?
No distinct advantages found vs E*TRADE from Morgan Stanley.
Why E*TRADE from Morgan Stanley?
- ✓Higher potential APY (3.75% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 2.9)
— 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. $375 vs $15/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. $938 vs $38/yr).
Best for Simplicity
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account offers 3.75% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $360 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
E*TRADE from Morgan Stanley offers a significantly higher APY of 3.75% with its Premium Savings Account, making it the clear winner compared to Charles Schwab Bank's Schwab Bank Investor Savings™, which has an APY of 0.15%. E*TRADE's account is online-only and requires no minimum deposit or maintenance fees, providing a straightforward savings option without any direct deposit requirements. In contrast, Schwab's account also has no minimum deposit or fees but offers a much lower yield. For those seeking better returns, E*TRADE's Premium Savings Account is the more advantageous choice.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Charles Schwab Bank and E*TRADE from Morgan Stanley.
| Feature | Charles Schwab Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0+ |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.7 Android4.7 |
| BBB Rating | A+ | D- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| Schwab Bank Investor Savings™ | Premium Savings Account | |
Current APY | 0.15% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.2 |
Days Since Change | 295 | 78 |
10-Month High | 0.15% | 4.00% |
10-Month Low | 0.15% | 3.75% |
Adjustments / Mo | 0.00 | 0.10 |
Volatility Score | 0.000 | 0.030 |
How to read these metrics(Click to expand)
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