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  Morgan Stanley Savings Account

Morgan Stanley Savings Account

in Savings Accounts from Morgan Stanley · fdic

Unaffiliated

Morgan Stanley Savings Account

Unaffiliated

in Savings Accounts from Morgan Stanley · Member FDIC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  

Monthly Fee N/A
APY (Annual Percentage Yield) 0.15% - 0.75%
APY Minimum Balance N/A

Morgan Stanley Savings Account Review

Morgan Stanley Savings Account is offered by Morgan Stanley, a bank founded in 1935 and based in Salt Lake City, UT. Morgan Stanley Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Morgan Stanley Savings Account has an annual percentage yield of up to 0.75%, which is higher than the national average interest rate on savings accounts.
  • No ATM fees. Morgan Stanley Savings Account does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Morgan Stanley.
Morgan Stanley savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not come with a debit card
  • Higher than average wire transfer fees.
Morgan Stanley savings account FAQ

Are savings accounts from Morgan Stanley federally insured?

Yes, your Morgan Stanley savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Morgan Stanley offer a signup bonus?

Morgan Stanley savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Morgan Stanley savings account?

Morgan Stanley Savings Account Minimums
Description

What APY does Morgan Stanley offer?

Morgan Stanley savings account offers an APY starting at 0.15% and ranging up to 0.75% (APY stands for annual percentage yield, rates may change).

What fees does Morgan Stanley savings account charge?

Morgan Stanley savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $22 fee.
  • Incoming domestic bank transfers come with a $10 fee.
  • An overdraft on your account will trigger a $30 fee per item.

Does Morgan Stanley savings account charge overdraft fees?

Yes, Morgan Stanley savings account charges a $30 overdraft fee.

What features and perks does Morgan Stanley savings account offer?

This savings account includes the following features:

  • ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - Morgan Stanley savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Morgan Stanley savings account allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Morgan Stanley savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Morgan Stanley savings account?

The customer support email for Morgan Stanley savings account is mediainquiries@morganstanley.com.

How do people rate the customer service and user experience of Morgan Stanley savings account?

Overall, Morgan Stanley savings account is strongly not recommended based on community reviews that rate customer service and user experience.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Overdraft Item Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $22
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.15% - 0.75%

Morgan Stanley Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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