E*TRADE Max-Rate Checking Review: $250 Checking Bonus + 3.30% APY (Nationwide)

Available nationwide, E*Trade is offering a rate of 3.30% APY when you open a Max-Rate Checking from Morgan Stanley Private Bank.

Update 11/13/24: We’ve added a targeted $250 checking bonus valid through 12/15/24. If you’re looking to earn interest on your checking account funds, consider this account!

E*Trade Max-Rate Checking Account Rate

• Availability: Nationwide, Online
• Interest Rate: 3.30% APY
• Credit Inquiry: Unknown
• Monthly Fee: $15 monthly fee; waivable (see below)
• Early Termination Fee: None listed, check with CSR

E*Trade ACH Capabilities & Limits

Editor’s Note: Help us with the table above in the comment section if you have experience with E*Trade’s ACH capabilities.

Why You Should Sign Up For This Account

• Earn even more with a competitive rate
• Any ATM is your ATM with ATM refunds worldwide
• Exceptional value with no transaction fees for online wire transfers, stop payments, and more. See rates and fees.
• Your money is FDIC protected, up to applicable limits.
• Worry-free banking with Coverdraft Protection. Enjoy peace of mind when enrolled in free Coverdraft Protection.
• Easy Money Movement. Enjoy unlimited online wires, money transfers and mobile check deposits.
• Integrated Account View. View your checking, savings and investing in one place.
• 24/7 Banking. Manage your money, pay bills and more with our best-in-class mobile app or online.

How To Avoid Monthly Fee

To waive the $15 monthly account fee, the account holder must meet one of the following conditions:

• set up a direct deposit* of $200 or more per month to the account (a combination of direct deposits totaling $200 does not satisfy this requirement), or
• maintain an average monthly balance** of at least $5,000 in the account on or after the end of the second statement cycle, or
• maintain an average monthly balance** of at least $50,000 in linked Morgan Stanley Private Bank, National Association accounts on or after the end of the second statement cycle, or
• have a combined balance of $50,000 or more in linked E*TRADE from Morgan Stanley accounts (held at Morgan Stanley Smith Barney LLC), and employee stock plan accounts (including vested in-the-money options, stock option plan shares, ESPP shares, and released restricted stock) on the date the monthly fee is charged, or
• have executed at least 30 stock or options trades during the prior calendar quarter in linked E*TRADE from Morgan Stanley accounts.

E*Trade $250 Checking Bonus (Targeted)

Keep in mind that you must be the original recipient of the offer email from Morgan Stanley Private Bank – if you received the offer, you can currently earn a $250 bonus when opening a checking account and completing required activities.

How to earn it:

• Open a new Checking or Max-Rate Checking account by 12/15/2024.
• Make at least 2 qualifying direct deposits, each of $1,000 or more, within 90 days of opening your new account.
• Receive a $250 bonus deposited into your new checking account. Pretty nice, eh?

Terms:

• To take advantage of this offer, you must be the original recipient of the offer email from Morgan Stanley Private Bank.
• Offer is valid only for individual and jointly owned Max-Rate Checking or Checking accounts opened online. You are not eligible for this offer if you have or had owned or co-owned (joint) a Max-Rate Checking or Checking Account within the last 12 months from when you enroll in this offer. In the case of a joint account, only the primary account holder (the account holder who signed up first) is eligible for a bonus. Offer excludes non-U.S. residents, at time of account opening or post account opening address changes.
• This offer is only eligible to one newly opened Bank Max-Rate Checking OR Checking account funded within 30 days of account opening. You cannot open and enroll both account types at the same time. If you open both account types, your Max-Rate Checking Account will be auto-enrolled in the offer.
• Customers may only be enrolled in one checking offer at a time. Cannot be combined with any other checking offers.

(Expires 12/15/2024)

Bottom Line

Feel free to share your experiences with this bank by commenting below. For more bank offers, see the complete list of Best Bank Rates!

Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

Check back often to see the latest info on E*Trade Max-Rate Checking Account.