E*TRADE from Morgan Stanley vs. Wealthfront
Comparing E*TRADE from Morgan Stanley and Wealthfront for high-yield savings: E*TRADE from Morgan Stanley's Premium Savings Account pays 3.35% APY while Wealthfront's Cash Account pays 3.95% APY (including a 3-month 0.65% promo boost).
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Wealthfront pays $11 more than E*TRADE from Morgan Stanley annually ($346 vs $335).
Choose E*TRADE from Morgan Stanley if you want a no-strings-attached account, you want to avoid a promo rate with a scheduled drop, or you want Zelle for quick transfers. Choose Wealthfront if getting the best rate matters most.
Important Considerations
The key difference? Wealthfront's 3.95% rate includes a promotional bonus for the first 3 months, after which it reverts to the standard rate (currently 3.30%). E*TRADE from Morgan Stanley's 3.35% rate has no scheduled drop, though all rates are subject to change.
| Metric | E*TRADE from Morgan StanleyPremium Savings Account Feb 6, 2026 | WealthfrontCash Account Feb 6, 2026 |
|---|---|---|
| APY | 3.35% | 3.30% - 3.95% |
Est. Earnings | $5,000+$168 $10,000+$335 $25,000+$838 | $5,000+$173 $10,000+$346 $25,000+$866 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.95% for 3 months, after which the 3.30% APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily 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 E*TRADE from Morgan Stanley vs. Wealthfront
Executive Summary
Wealthfront offers a Cash Account with a competitive APY of 3.95%, making it the higher-yielding option compared to E*TRADE's Premium Savings Account, which has an APY of 3.35%. Wealthfront's account is online-only and does not require a checking account or direct deposit, providing simplicity for users. Additionally, new clients can enjoy the promotional APY of 3.95% for the first three months before it adjusts to 3.30%. In contrast, E*TRADE's account also has no minimum deposit or maintenance fees, but its lower yield makes it a secondary choice. Both accounts are FDIC-insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why E*TRADE from Morgan Stanley?
- ✓Fast transfers via Zelle®
Why Wealthfront?
- ✓Higher potential APY (3.95% vs 3.35%) on all balances
— Key Feature Differences —
Better Returns at $10,000
WealthfrontWealthfront's Cash Account earns more on smaller deposits (approx. $346 vs $335/yr).
Better Returns at $25,000
WealthfrontWealthfront's Cash Account pulls ahead with larger amounts (approx. $866 vs $838/yr).
Best for Simplicity
WealthfrontWealthfront's Cash Account offers 3.95% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period (factoring in a 3-month promo), Wealthfront's Cash Account pays $11 more interest on a $10,000 balance than E*TRADE from Morgan Stanley's Premium Savings Account.
*Wealthfront's calculation includes their 3-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
E*TRADE from Morgan Stanley vs. Wealthfront Savings Calculator
You earn $12.5 more with Wealthfront than E*TRADE from Morgan Stanley 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.
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
Wealthfront
Cash Account
Promo Rate: 3.95% for 3 months, then 3.30%.
Savings Breakdown
- Interest Earned+$347.50(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,347.50
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 $334 per year in interest.
Both E*TRADE from Morgan Stanley and Wealthfront dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | E*TRADE from Morgan Stanley | Wealthfront |
|---|---|---|
| APY | 3.35% Verified: 2/6/2026 ↘︎ 0.40%90d Change | 3.95% Range: 3.30% - 3.95% Verified: 2/6/2026 - |
| Product Name | Premium Savings Account | Cash 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 | Yes |
| Zelle® Support | Available Available for Premium Savings and Checking. | Not Supported |
| BBB Rating | D- | F |
| Important Notes | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 3.95% for 3 months, after which the 3.30% APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | E*TRADE from Morgan Stanley | Wealthfront |
|---|---|---|
| Premium Savings Account | Cash Account | |
Current APY | 3.35% | 3.95% |
Trend | Stable | Stable |
Velocity (bps/mo) | -13.8 | -11.9 |
Days Since Change | 3 | 7 |
3-Month High | 3.75% | 4.15% |
3-Month Low | 3.35% | 3.90% |
Adjustments / Mo | 0.71 | 0.71 |
Volatility Score | 0.036 | 0.030 |
How to read these metrics(Click to expand)
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