Chime vs. E*TRADE from Morgan Stanley
Chime and E*TRADE from Morgan Stanley both advertise 3.75% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
On a $10,000 balance, Chime's Chime High-Yield Savings Account and E*TRADE from Morgan Stanley's Premium Savings Account earn the same: about $375 in a year each.
The Chime and E*TRADE from Morgan Stanley savings accounts are very similar. Choose Chime if BBB rating matters to you. Choose E*TRADE from Morgan Stanley if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Chime's Chime High-Yield Savings Account advertises its top rate only if you also open a checking account with Chime, while E*TRADE from Morgan Stanley's Premium Savings Account stands alone.
| Metric | ChimeChime High-Yield Savings Account Oct 5, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Oct 5, 2026 |
|---|---|---|
| APY | 3.75% | 3.75% |
Earns in a year | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily Compounding | 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 4.36% APY.
Comparison Analysis
Comparing Chime vs. E*TRADE from Morgan Stanley
Executive Summary
Chime last changed on April 30, 2026, up 75 basis points; E*TRADE from Morgan Stanley last changed on September 22, 2026, up 25 basis points. Both banks offer the same standard rate of 3.75% on balances of $10,000 and above. Chime's High-Yield Savings Account and E*TRADE's Premium Savings Account both have a minimum balance of $0. The rates have not changed since at least February 17, 2026, and both banks have maintained their rates since then.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
No distinct advantages found vs E*TRADE from Morgan Stanley.
Why E*TRADE from Morgan Stanley?
- No checking account or direct deposit required
- Fast transfers via Zelle®
Key Feature Differences
Better 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.
Better Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 4.6)
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chime vs. E*TRADE from Morgan Stanley Savings Calculator
Both accounts earn exactly the same amount.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 $370 a year in interest.
Both Chime and E*TRADE from Morgan Stanley advertise far more than that typical branch-bank rate.
| Feature | Chime | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.75% Observed: 10/5/2026 Stable over 90 days | 3.75% Observed: 10/5/2026 0.25%90-day change |
| Product Name | Chime High-Yield Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branches | None | None |
| Physical Branches | Not reported | 1 (NY) |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Available for Premium Savings and Checking. |
| BBB Rating | A+ | D- |
| Next Steps | Visit SiteVerify at Chime Non-sponsored link to official site | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Chime
Chime is not a bank and files no call report. Its deposits are held at partner banks.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
E*TRADE from Morgan Stanley
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Morgan Stanley Private Bank paid a higher average rate on savings and money market deposits than 95% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
CD rates, term by term
Chime has no CD listed on Banksparency. E*TRADE from Morgan Stanley lists 7 CD terms, from 6 to 60 months. Its highest rate is 4.75% APY on the 12-month CD. Each row below is one term, with the FDIC national average for that term beside it.
| Term | E*TRADE from Morgan Stanley APY | FDIC average (Sep 2026) |
|---|---|---|
| 12 months | 4.75% APYNo minimum | 1.73% |
| 6 months | 4.20% APYNo minimum | 1.41% |
| 9 months | 4.40% APYNo minimum | |
| 18 months | 4.40% APYNo minimum | |
| 24 months | 4.40% APYNo minimum | 1.61% |
| 36 months | 4.40% APYNo minimum | 1.36% |
| 60 months | 4.40% APYNo minimum | 1.38% |
Chime: no CD listed on Banksparency.
Compare Savings Rates Over Time
Historical Performance
| Metric | E*TRADE from Morgan Stanley |
|---|---|
| Premium Savings Account | |
Current APY | 3.75% |
Trend | Stable |
Speed of change | 0.09 |
Days Since Change | 13 |
8-Month High | 3.75% |
8-Month Low | 3.25% |
Changes per month | 0.26 |
Steadiness | 0.058 |
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 231-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.
Compare Similar Alternatives
Compare Chime vs...
Comparing against other Bundled Accounts
Compare E*TRADE from Morgan Stanley vs...
Comparing against Standard Savings
More Comparisons