E*TRADE from Morgan Stanley vs. Wells Fargo
Comparing E*TRADE from Morgan Stanley and Wells Fargo for savings: E*TRADE from Morgan Stanley's Premium Savings Account pays 3.35% APY while Wells Fargo's Platinum Savings pays 0.05% APY.
Note: Wells Fargo requires a checking account.
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 $330 more than Wells Fargo annually ($335 vs $5).
Choose E*TRADE from Morgan Stanley if getting the best rate matters most, or you want a no-strings-attached account. Choose Wells Fargo if BBB rating matters to you, or you value in-person banking.
Important Considerations
Wells Fargo requires a checking account to unlock its top savings rate, while E*TRADE from Morgan Stanley offers its savings account standalone.
| Metric | E*TRADE from Morgan StanleyPremium Savings Account Feb 6, 2026 | Wells FargoPlatinum Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.35% | 0.05% |
Est. Earnings | $5,000+$168 $10,000+$335 $25,000+$838 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking BundleDaily 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. Wells Fargo
Executive Summary
E*TRADE from Morgan Stanley offers a superior Premium Savings Account with an APY of 3.35%, significantly outperforming Wells Fargo's highest APY of 0.05% from its Platinum Savings account, which requires a linked checking account for optimal rates. E*TRADE's account has no minimum deposit or maintenance fees, and it is online-only, making it a straightforward option for savers. In contrast, Wells Fargo's Way2Save Savings account yields a mere 0.01% APY with a $25 minimum deposit. Overall, E*TRADE provides better returns and simplicity, making it the clear winner.
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?
- ✓Higher potential APY (3.35% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Offers 2 different high-yield savings options
— 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 $5/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 $13/yr).
Best for Simplicity
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account offers 3.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Wells FargoWells Fargo offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.7)
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $330 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*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
E*TRADE from Morgan Stanley vs. Wells Fargo Savings Calculator
You earn $330 more with E*TRADE from Morgan Stanley than Wells Fargo 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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | E*TRADE from Morgan Stanley | Wells Fargo |
|---|---|---|
| APY | 3.35% Verified: 2/6/2026 ↘︎ 0.40%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 2/6/2026 Stable (90d) |
| Product Name | Premium Savings Account | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0+ | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | Wells Fargo offers branches and ATMs in 36 states and Washington, D.C. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Available for Premium Savings and Checking. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | D- | A- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | E*TRADE from Morgan Stanley | Wells Fargo | |
|---|---|---|---|
| Premium Savings Account | Platinum Savings | Way2Save Savings | |
Current APY | 3.35% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -9.3 | -51.1 | 0.0 |
Days Since Change | 3 | 112 | 206 |
7-Month High | 4.00% | 2.51% | 0.01% |
7-Month Low | 3.35% | 0.05% | 0.01% |
Adjustments / Mo | 0.44 | 0.44 | 0.00 |
Volatility Score | 0.052 | 1.252 | 0.000 |
How to read these metrics(Click to expand)
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