Morgan Stanley
Private Banking Group

Signature Savings Account

Put your reserved cash to work with the new Signature Savings Account from Morgan Stanley Private Bank, National Association, Member FDIC. You must be a Morgan Stanley client to open an account.
Open an Account

Earn 3.75% Annual Percentage Yield (APY)*

Enjoy a rate that’s 9x the national average1 with a Signature Savings Account from Morgan Stanley Private Bank.

Equal Housing Lender

No minimum deposit to get started

And no ongoing minimum balance requirements to worry about.

No account or maintenance fees

Focus on how much you’re earning, not what you are paying in fees.

FDIC protection up to $500,000

Enjoy twice the protection of traditional banks if certain conditions are met.2

Don’t Leave Money on the Table

Increase your returns with a market-leading rate.³

For illustrative purposes only

Which Solution Is Right for You?

Compare options to determine which best suits your needs.⁴

Feature Signature Savings Account Preferred Savings Program
Solution type Bank account from Morgan Stanley Private Bank Brokerage account from Morgan Stanley Smith Barney
Annual Percentage Yield (APY) 3.75% 3.35%
Ownership types Individual, Joint Individual, Joint, Trust, Corporate, Retirement Accounts
Eligible funds No restrictions Qualifying Cash only4
Minimum deposit No minimum deposit $1,000
No account fees ✔ ✔
FDIC insurance (up to $500,000) ✔ ✔
Online account opening ✔ ✘
Online deposits and withdrawals ✔ ✘
Learn More About Preferred Savings Program

It’s Easy to Get Started. Here’s How.

1

Open an Account

Apply for a Signature Savings Account online or through the Morgan Stanley Mobile App. No minimum deposit is required.5

2

Fund Your Account

Link an external account and transfer funds online.6 Or move money directly from Morgan Stanley's Preferred Savings Program.

3

Access Cash Anytime

Transfer funds easily between all your accounts, including same-day transfers within Morgan Stanley.

Open an Account

Our Full Suite of Cash Management Offerings

Private Banking Group
CashPlus Brokerage Account
Manage your daily cash while taking advantage of exclusive benefits including no cash management fees.
Private Banking Group
Preferred Certificate of Deposit (CD)
Lock in a fixed interest rate to help you generate a predictable return over a set period of time.
Private Banking Group
Preferred Savings Program
Make the most of your idle cash with a competitive yield that helps keep your savings working for you.⁷

Frequently Asked Questions

Yes, deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to allowable limits. FDIC insurance provides coverage of up to $250,000 per depositor, per FDIC-insured bank, per ownership category. However, because Morgan Stanley has two chartered banks, you could enjoy protection up to $500,000 – double the amount provided by traditional banks. Certain conditions must be satisfied.

Move money in:

  • Transfers
    • If applicable, you can easily transfer funds from your Preferred Savings Program 
  • Wires
  • Direct deposit
  • Mobile check deposit

 

Move money out:

  • Transfers
  • Wires

The Signature Savings Account is an online Morgan Stanley Private Bank account that allows you to open the account, make deposits and withdrawals via Morgan Stanley Online or the Morgan Stanley Mobile App, while the Preferred Savings Program is a holding within eligible Morgan Stanley brokerage accounts through which all money movement is handled via the client’s Morgan Stanley team.

There are no monthly limits to the number of transactions you can make on the Signature Savings Account.

Yes. Granting visibility will provide your Morgan Stanley team with account updates in real time to better serve you. Your Morgan Stanley team can facilitate certain transactional and service requests. Example: Per your request, they can facilitate a wire transaction (which you will authorize) or update your personal information.

 

To change access for your Morgan Stanley team, navigate to Financial Advisor Visibility Preferences under Profile and Settings.

If you need further assistance, please contact your Morgan Stanley team or the Client Service Center at 800-688-3462. If you are outside the United States, you may call collect at 1 (801) 617-9150.

Get Started Today!

Our competitive rate is yours when you open a Signature Savings Account. You must be a Morgan Stanley client to open an account.

Open An Account

* As of 2/10/26, the Signature Savings Account offered by Morgan Stanley Private Bank, National Association offers an Annual Percentage Yield (APY) of 3.75%. Your interest rate and APY may change at any time. Please see the Deposit Account Rate Monitor for additional information.

1. Based on comparison to the National Deposits Savings Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of 4/20/26.

2. The Signature Savings Account gives Morgan Stanley Private Bank, National Association, Member FDIC the ability to send any amount held on deposit in your Signature Savings Account to other depository accounts at Federal Deposit Insurance Corporation ("FDIC") member banks with the purpose of affording you additional FDIC insurance coverage. It is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts). Certain conditions must be met.

3. Annual percentage yields on competitor accounts as of 5/1/26. More information about the competitor accounts may be found on the respective competitor website: Chase Premier Savings. Rates reflect the highest tiered rate in New York. We believe the above competitor information to be reliable, but neither Morgan Stanley Private Bank nor its affiliates guarantee its accuracy, timeliness, or completeness.

4. Clients with existing Preferred Savings Program holding may utilize our online transfer process to move funds from the Preferred Savings Program directly into a Signature Savings Account. Additionally, there is no ‘qualifying cash’ requirement for the Signature Savings Account.

5. No minimum initial deposit is required to open an account. However, account must be funded within 90 days to remain open.

6. Transfer Money transactions made between existing accounts will be processed immediately. Funds deposited to accounts via Transfer Money from external accounts will be available for withdrawal on the third business day after the date of deposit if transferred by 4 p.m. ET.

7. Only Qualifying Cash is eligible for Preferred Savings Program. Qualifying Cash is defined as new cash proceeds into the Banks in the last 30 calendar days, inclusive of deposits from external sources and proceeds from the sale of money market funds, mutual funds, fixed income, equities and all other securities, net of any cash outflows, in a client's brokerage account. Net proceeds from weekends and holidays will be included if they immediately precede the first day of the 30 day period.

The CashPlus Account is a brokerage account offered through Morgan Stanley Smith Barney LLC. Conditions and restrictions apply. Please refer to the CashPlus Account Disclosure Statement for further details at https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf

Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

Equal Housing Lender

© 2026 Morgan Stanley Smith Barney LLC, Member SIPC.

CRC #5368539 (05/2026)

View Disclosures Close Disclosures