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Morgan Stanley CD Rates

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Morgan Stanley 3-Month CD
2.00% APY

Overview

Morgan Stanley, headquartered in New York, New York, has been in business more than 80 years, having opened its doors on Wall Street in 1935. Today the investment banking giant has corporate offices in more than 42 countries and employs more than 55,000 professionals. Morgan Stanley’s clients include corporations, governments, institutions and individuals. Its primary services are institutional securities, wealth management and investment management, but when it comes to its certificate of deposit (CD) rates, it offers some of the best CD rates you can find anywhere.

In order to open a CD account with Morgan Stanley, you you must first make a $1,000 minimum deposit. This is a typical starting deposit for many banks, and it’s actually fairly generous when you consider the massively good interest rates. Morgan Stanley must emerges as a fast favorite, especially compared to the CD rates of its closest competitors.

Morgan Stanley’s rates are even more impressive when you consider that the financial institution manages to offer its customers such fantastic interest rates in addition of maintaining its enormous international physical presence. Morgan Stanley must shoulder the burden of maintaining its brick-and-mortar storefronts, and it covers the cost without sacrificing great CD rates.

It’s best to decide which particular Morgan Stanley CD account term will work best for you depending on such factors as when you will need to tap into your savings, how much money you can afford to put away at the present and how long you can afford to wait for your investment to mature.

You can open a CD at Morgan Stanley from anywhere as short as three months to as long as 10 years. You can pick which term works best for you based on the APY rate. But take heed: CD rates are regularly updated, so it’s important to stay on top of them so as to avoid losing track of your expected profits.

CD Term Minimum Deposit APY
3-Month $1,000 2.00%
6-Month $1,000 2.05%
9-Month $1,000 2.10%
12-Month $1,000 2.35%
18-Month $1,000 2.55%
2-Year $1,000 2.80%
3-Year $1,000 3.00%
4-Year $1,000 3.15%
5-Year $1,000 3.30%
7-Year $1,000 3.35%
10-Year $1,000 3.40%


Overview of Morgan Stanley CDs

At first glance, it may not come across just how unusually excellent Morgan Stanley’s CD rates are. But compared to a number of large, international bank offerings, and indeed, for a chain of its size, Morgan Stanley offers both an impressive range of CD account term lengths to choose from, and a wide sample of checkings, savings and money market accounts, complete with reasonable APY rates. But don’t act too quickly: before signing up, take a moment to compare Morgan Stanley’s rates with some of the nation’s best CD rates.

Save more with these rates that beat the National Average
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How Much You Earn With Morgan Bank CDs Over Time

The more you invest in a CD, the more you will earn. And given the excellent CD rates offered by Morgan Stanley, even if you store away a small amount of money, your payoff will be substantial. Here’s a breakdown of some of Morgan Stanley’s common starting deposits and CD terms, listed by initial deposit amount, rounded to the nearest dollar:

Initial Deposit 6-Month CD 18-Month CD 5-Year CD
$1,000 $1,010 $1,039 $1,179
$5,000 $5,051 $5,195 $5,896
$10,000 $10,103 $10,390 $11,791

Compare Morgan Stanley to Other Competitive Offers

How Morgan Stanley CD Rates Compare to Other Banks’

Across the board, Morgan Stanley CDs far outrank those of competitors such as Chase and Goldman Sachs. You’ll notice that Ally Bank, an online-only company, boasts rates that are neck-in-neck with Marcus, Goldman Sachs’ online component, while Chase falls behind. This is because operating solely online eliminates the financial responsibility to maintain physical locations. Interestingly, while both Morgan Stanley and Chase operate internationally in dozens of countries, Morgan Stanley’s rates are exponentially higher than Chase's. All that said, here’s how Morgan Stanley CD account rates compare to those of Ally Bank and Marcus by Goldman Sachs, two online banks, and Chase, a national bank with particularly low rates:

CD Term Morgan Stanley Ally Bank Marcus by Goldman Sachs Chase
6-Month 2.05% 1.00% 0.60% 0.01%
1-Year 2.35% 2.20% 2.20% 0.01%
3-Year 3.00% 2.55% 2.35% 0.05%
5-Year 3.30% 2.65% 2.80% 0.25%

Should You get a Morgan Stanley CD Account?

Given the data compiled here, opening a CD account with Morgan Stanley may be a smart financial decision. Its high CD rates paired with excellent customer service make for a positive banking experience. Its rates far outperform those of its competitors. It is in your best interest to pursue the opportunity of working with Morgan Stanley as best you can. 

Save more with these rates that beat the National Average
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