American Express vs. E*TRADE from Morgan Stanley
American Express's High Yield Savings Account pays 3.00% APY while E*TRADE from Morgan Stanley's Premium Savings Account pays 3.50% 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 $50 more than American Express annually ($350 vs $300).
Choose E*TRADE from Morgan Stanley if getting the best rate matters most.
| Metric | American ExpressHigh Yield Savings Account Sep 11, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.00% | 3.50% |
Earns in a year | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$175 $10,000+$350 $25,000+$875 |
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 institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% 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 a competitive APY of 3.50%, making it the winner in this comparison. This account is online-only and is available nationally, although it is specifically accessible to residents in New York. It features no maintenance fees, no minimum deposit, and no direct deposit requirement, making it a straightforward option for savers. In contrast, American Express provides a High Yield Savings Account with an APY of 3.00%, also with no minimum balance and no maintenance fees, but it is only available in Utah. Overall, E*TRADE's higher APY and simpler terms position it as the preferable choice.
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 (3.50% vs 3.00%) 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. $350 vs $300/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. $875 vs $750/yr).
Better for Simplicity
E*TRADE from Morgan StanleyE*TRADE from Morgan Stanley's Premium Savings Account offers 3.50% APY with no bundling, direct deposit requirement or caps.
Better Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.6)
Shared Benefits
Over a 1-year period, E*TRADE from Morgan Stanley's Premium Savings Account pays $50 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 $50 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+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $295 a year in interest.
Both American Express and E*TRADE from Morgan Stanley advertise far more than that typical branch-bank rate.
| Feature | American Express | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.00% Observed: 9/11/2026 0.10%90-day change | 3.50% Observed: 9/11/2026 0.25%90-day 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 |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (UT) | 1 (NY) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA 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 | 3.00% | 3.50% |
Trend | Stable | Stable |
Speed of change | -0.05 | -0.06 |
Days Since Change | 63 | 87 |
12-Month High | 3.50% | 4.00% |
12-Month Low | 3.00% | 3.25% |
Changes per month | 0.41 | 0.41 |
Steadiness | 0.030 | 0.039 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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