Morgan Stanley Savings Account

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 average interest rate for savings accounts.
• No ATM fees. Morgan Stanley Savings Account does not charge fees on ATM transactions.
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Morgan Stanley savings account Pros & Cons

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?

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?

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.