Source: https://us.etrade.com/bank/certificate-of-deposit
Read: 2026-10-22T10:57:58.000Z

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Certificate of Deposit
Save with certainty: CD rates up to 4.80% APY1
Lock in your rate and watch your savings grow with a competitive, fixed Annual Percentage Yield (APY) on a Certificate of Deposit (CD) account.2
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For illustrative purposes. Bank CD account offered by Morgan Stanley Private Bank, National Association, Member FDIC.
Featured: Market-leading CD rates
Your rate is fixed for the entire term—so you know how much you'll earn no matter what happens in the market.
4.40% APY
9 Months Bank CD
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4.55% APY
12 Months Bank CD
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4.80% APY
24 Months Bank CD
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4.80% APY
60 Months Bank CD
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Featured Yields are as of 10/22/2026.
Choose from today's CD rates
Explore our full suite of fixed-rate CDs, offering competitive yields for terms from 6 months to 5 years. Simply choose the timeframe that fits your goals.2
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Term | Annual Percentage Yield
6 Months | 4.20%
9 Months | 4.40%
12 Months | 4.55%
18 Months | 4.55%
24 Months | 4.80%
36 Months | 4.80%
60 Months | 4.80%
Earn more money with a guaranteed return
Fixed APY
Once you fund your account, your APY stays fixed for the full term, regardless of what happens in the markets.
Daily compounding
Interest compounds daily, so your earnings can build on themselves over time.
10-day rate guarantee
Fund within the first 10 days and you’ll automatically get the higher of the rate from the day you opened or the day your deposit settles.2
More benefits of a CD with Morgan Stanley Private Bank
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FDIC protection up to applicable limits
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24/7 account access online and via mobile app
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No monthly fees or minimum deposit3
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How to open a Certificate of Deposit
1
Open an account
Answer some questions in just a few minutes.
2
Make a deposit
Choose from five simple ways to fund your account.
3
Start earning
Sit back and watch your money grow.
Lock in a fixed rate up to 4.80% APY1,2
Open and fund a new Bank CD account to secure a market-leading rate that is fixed regardless of what happens in the markets.
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Awards and recognition
E*TRADE recognized in “Best CD Accounts of 2026.”
GOBankingRates ‘Best CD Rates of 2026’ review4
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Education and resources
Insights to stay informed and inspired
Bank CD or high-yield savings account?
Here’s how to compare the two account types to find the right one for you.
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Bank CD vs. brokered CD: Which one is better for me?
Explore the similarities and key differences between these two accounts before you choose where to park your cash.
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What is a CD ladder?
A Certificate of Deposit (CD) ladder can help you earn competitive yields, choose your maturity schedule, and provide steady access to cash.
Read more arrow_forward
How compound interest can supercharge your savings
Learn how compound interest is one of the most powerful tools available to grow your money.
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Frequently asked questions
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What is a Certificate of Deposit (CD) and how does it work?
A Bank CD, or Certificate of Deposit, is a type of account that holds a fixed amount of money for a set period of time, such as six months, one year, or five years. In return, you receive a fixed rate of interest.2 With a Bank CD, you know in advance exactly how much you will earn and when. CDs typically offer higher interest rates than regular savings accounts, but require you to keep your money in the account for the entire term. Withdrawing funds early usually incurs a penalty.3
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Can I open my Bank CD account online?
Yes, you can open your Bank CD account online and fund it via ACH, wire, or check.4 Bank CD accounts are eligible to be opened as either individual or joint accounts.
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How is the Annual Percentage Yield (APY) on my Bank CD determined?
If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of settlement.2 Settlement Date is when funds are received and posted to your account according to our Funds Availability policy. You will receive the prevailing interest rate after the account is funded and settled. If you fund more than 10 calendar days after account opening, you’ll receive the prevailing interest rate as of the Settlement Date. View current Bank CD rates.
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Can I add funds to my existing Bank CD?
While it’s not possible to add money to an existing Bank CD once it’s open and funded, you can open additional Bank CDs. You can also execute a strategy known as a CD ladder whereby you spread funds across multiple Bank CDs with short to long maturities. This allows you to earn potentially higher interest rates while freeing up access to your cash at more frequent intervals.
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What happens when my Bank CD matures?
At the end of the agreed upon term, your Bank CD will mature and automatically rollover into the same term at prevailing rates. You then have a grace period of seven calendar days to decide what you want to do with the funds.2 Your choices are:
Withdraw your money and transfer it to another type of account, such as a checking or high-yield savings account
Use the funds to open a new Bank CD with a different principal amount and/or term
Allow your Bank CD to automatically renew with the same term at the rate effective as of your maturity date (in this case, no action is required by you)3
Note that if you choose to allow your Bank CD to automatically renew, a renewal confirmation letter will be sent to you soon after the grace period ends.
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Please read all the important disclosures below.
Investing:
Check the background of Morgan Stanley Smith Barney LLC on FINRA's BrokerCheck and see the Morgan Stanley Smith Barney LLC Relationship Summary.
Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value
Banking:
Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.
Banking Products • FDIC Insured • Bank Guarantee
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As of 10/22/2026, the Annual Percentage Yield (APY) of the Certificates of Deposits is up to 4.80%. Your interest rate and APY may change at any time until funding is settled, and penalties may reduce earnings. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. Please visit etrade.com/ratesheet for information regarding the current interest rate, corresponding APY, and account terms.
Certificate of Deposit (CD) interest rates are fixed from the start of the term until their maturity date.  
The interest rate on the Settlement Date can be higher or lower than the interest rate that was available at the time of account opening. Settlement Date is when funds are received and posted to your account according to our Funds Availability policy, found in section 3 of the Morgan Stanley Private Bank Deposit Account Agreement. If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of Settlement. Maturity is determined based on the Settlement Date and the term selected. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. A withdrawal will reduce earnings. See the CD Rate Table page at the etrade.com for information on term lengths, current interest rates and corresponding APYs. Certificate of Deposit rates are subject to change at any time and are not guaranteed until the CD is funded and settled.
Interest is compounded daily. Interest will compound from the Settlement Date until the last full day before the date of withdrawal using the daily balance method. Accrued interest posts to your account on a monthly or quarterly basis, based on your selection at the time of account opening, unless you select at account opening to receive interest via check.
Deposits Transaction Limits: You may make a one-time deposit, via ACH, wire, or check, to fund the account within 90 calendar days of opening the account. Deposits after this window are not permitted at any time. Unless otherwise provided, partial withdrawals and additional deposits are not permitted. Interest earned on the account can be paid out via check, if you chose that option at opening, otherwise you may not withdraw interest prior to maturity. A withdrawal of interest will reduce earnings.
Withdrawals: You may make a full withdrawal, without penalty, during the grace period in the 7 calendar days immediately following maturity. If you choose to make a withdrawal before maturity, or after the 7-day grace period has ended, an Early Withdrawal penalty will be assessed (refer to “Early Withdrawal penalties” section for more detail). Partial withdrawals are not permitted at any time.
CD customers agree to keep funds on deposit for a fixed period of time. Unless otherwise provided, withdrawals outside of the grace period are not permitted. If we permit an early withdrawal from a CD, we will impose an early withdrawal penalty equals to certain number of days of simple interest determined based on the term of the CD. Simple interest is calculated on the total principal amount (partial withdrawals are not allowed) using the interest rate of your current CD, based on 365 days or 366 if the withdrawal happens in a leap year. If the penalty amount exceeds the accrued interest, the principal is also subjected to penalty. We may elect not to impose a penalty for a withdrawal of principal following the death or adjudication of incompetence of any account owner if the account was opened before such adjudication and not extended or renewed after that date.
CD rates are subject to change at any time and are not guaranteed until the CD is opened.
Unless we provide otherwise, CDs will automatically renew at maturity, at the prevailing interest rate for new CD accounts of the same term length as of the date of maturity. You will have a grace period of 7 calendar days after the maturity date to make a full redemption without penalty, which you can do by calling Customer Service at 1-800-387-2331. If you make the withdrawal outside of the grace period, we will impose an Early Withdrawal penalty. In certain circumstances, such as the death or incompetence of an Account holder, we may agree to waive the early withdrawal penalty.
Interest will be paid during the grace period at the prevailing interest rate for CD accounts of the same term length as of the maturity date. If you close the account during the grace period, interest will accrue past the maturity date through the last full day prior to the account closure. We reserve the right to change the interest rate for automatically renewable accounts at each renewal period.
If we elect not to permit the renewal of an automatically renewable time deposit, we will notify you 30 days in advance.
Mobile check deposit is available to most E*TRADE and Morgan Stanley Private Bank, National Association US retail customers. IRA CD, HELOC, and futures accounts are not eligible for mobile check deposit. Mobile check deposit limit is $250,000 per day, per customer logon. System limitations may apply.
To determine rankings for the Best Checking Accounts for 2026, GOBankingRates looked at the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) monthly checking fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (5) APY on the checking account; (6) overdraft fee amount; (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factor (1) and (2) weighed 0.5 times and Factor (5) weighed 0.25 times. All products and offerings had to be available as of Jan. 22, 2026, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 30, 2025.
To determine rankings for the Best High-Yield Savings Accounts for 2026, GOBankingRates looked at the following factors from all banks (excluding neobanks): (1) minimum deposit to open an account; (2) monthly savings fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (3) minimum needed to earn APY; (4) savings APY; and (5) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (2) and (3) weighed 1.5 times, factor (4) weighed 6 times; and factor (5) weighed 0.5 times. All products and offerings had to be available as of Jan. 22, 2026, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 27, 2026.
To determine rankings for the Best CD Accounts for 2026, GOBankingRates considered the following factors (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) 12-month CD APY rate; (5) 60-month CD APY rate, and (6) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, factor (3) was weighed 2 times, and factors (4) and (5) were weighed 4 times. All products and offerings had to be available as of Oct. 4, 2025, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 30, 2025.
To determine the Best Online Banks of 2026, GOBankingRates looked at the following factors across exclusively online banks: (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) 12-month CD APY rate; (5) 60-month CD APY rate, and (6) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) weighed 0.5 times, factor (3) weighed 2 times, and factors (4) and (5) weighed 4 times. All products and offerings had to be available as of Jan. 22, 2026, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 27, 2026.
Read the GOBankingRates review of E*TRADE.
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