However, account must be funded within 30 days to remain open. No minimum initial deposit is required to open this account.
#ETRADE SWEEP ACCOUNT FULL#
If you close your account before interest is credited, you will receive the accrued interest through the last full day prior to the account closure. Interest will be credited to your account on a monthly basis. Interest will compound from the date of deposit to the last full day before the date of withdrawal. Please visit /ratesheet for information regarding interest rate tiers, current interest rates, and corresponding APYs.
Your interest rate and annual percentage yield (" APY") may change at any time and fees may reduce earnings. They are part of our Account Agreement with you. This schedule will assist you in comparing the terms of our deposit products. Different rates may apply to different tiers. On tiered-rate accounts, we apply the interest rate for the balance tier of your end-of-day balance against the entire balance of your account. If a minimum average balance is required to avoid a fee, the average balance is calculated by adding the principal in the account for each day of the period, and dividing that figure by the number of days in that period. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). This method applies a daily periodic rate to the principal in the account each day. We use the daily balance method to calculate interest on accounts. The interest rate and the corresponding APY for all individual or trust deposits more than $10,000,000 and all commercial deposits more than $99,000 are subject to negotiation by the parties.
Information on current interest rates and APYs can be found by visiting /ratesheet. Executing at least 30 stock or options trades during the prior calendar quarter in a linked E*TRADE from Morgan Stanley accountsĮxcept for fixed-rate certificates of deposit, which earn the same interest rate through maturity, the interest rate and annual percentage yield (" APY") on deposits may change at any time and fees may reduce earnings.Maintaining 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.Maintaining an average monthly balance of $50,000 or more in linked Morgan Stanley Private Bank accounts on or after the end of the second statement cycle.Setting up and maintaining a direct deposit of $200 or more per month to the account (a combination of direct deposits totaling $200 does not satisfy this requirement).Maintaining an average balance of $5,000 in your Max-Rate Checking Account.You can avoid the monthly fee by meeting any of the following minimums: $15 if your minimum account balance is not met
#ETRADE SWEEP ACCOUNT HOW TO#
Please see the monthly fees section below to learn how to waive this fee No account minimums are required to maintain this accountĪn average monthly balance of $5,000 is required to avoid a fee. 0%-Checking is a non-interest-bearing account
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