E*TRADE from Morgan Stanley vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
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
SoFi Bank
SoFi Savings
Up to4.30%APYDec 10, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppRange: 3.60% – 4.30%Show Fine Print & Trends Hide Details
SoFi Bank
SoFi Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
E*TRADE from Morgan Stanley vs. SoFi Bank Savings Calculator
E*TRADE from Morgan Stanley earns $73.5 more than SoFi Bank.
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
SoFi Bank
SoFi Savings
Promo Rate: 4.30% for 6 months, then 3.60%.
Savings Breakdown
- Interest Earned+$2,200.30(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,200.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing E*TRADE from Morgan Stanley vs. SoFi Bank
Why E*TRADE from Morgan Stanley?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 4.0)
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher potential APY (4.30% vs 3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
SoFi BankSoFi Bank's SoFi Savings earns more on smaller deposits (approx. $395 vs $375/yr).
Better Returns at $25,000
SoFi BankSoFi Bank's SoFi Savings pulls ahead with larger amounts (approx. $988 vs $938/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.
Best for All-in-One Banking
SoFi BankSoFi Bank's SoFi Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), SoFi Bank's SoFi Savings pays $20 more interest on a $10,000 balance than E*TRADE from Morgan Stanley's Premium Savings Account.
*SoFi Bank's calculation includes their 6-month introductory promotional rate and subsequent standard rate.
Executive Summary
SoFi Bank offers a competitive SoFi Savings account with a notable APY of 4.30%, which includes a temporary 0.70% boost for six months. This account, while bundled with a checking account that yields 0.50% APY, does not require direct deposit but does have a $10 monthly subscription fee as an alternative. In contrast, E*TRADE from Morgan Stanley's Premium Savings Account provides a simpler option with a steady APY of 3.75% and no fees or requirements. Both accounts are online-only, with no minimum deposit or maintenance fees, making them accessible for savers.
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 E*TRADE from Morgan Stanley and SoFi Bank.
| Feature | E*TRADE from Morgan Stanley | SoFi Bank |
|---|---|---|
| APY | 3.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 4.30% Range: 3.60% - 4.30% Verified: 12/10/2025 ↘︎ 0.20%90d Change |
| Product Name | Premium Savings Account | SoFi Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0+ | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | While direct deposit is not required, the alternative is a subscription fee of $10/month |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.7 | iOS4.8 Android4.0 |
| BBB Rating | D- | A+ |
| Important Notes | - | Limited offer: The 4.30% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | E*TRADE from Morgan Stanley | SoFi Bank |
|---|---|---|
| Premium Savings Account | SoFi Savings | |
Current APY | 3.75% | 4.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | 8.1 |
Days Since Change | 78 | 28 |
10-Month High | 4.00% | 4.50% |
10-Month Low | 3.75% | 3.80% |
Adjustments / Mo | 0.10 | 0.20 |
Volatility Score | 0.030 | 0.076 |
How to read these metrics(Click to expand)
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