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E*TRADE Checking (Max-Rate) Review

Integrated checking for E*TRADE brokerage customers. Independent E*TRADE Checking (Max-Rate) review: 3.9/5 for checking.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.

Our verdict

Investors who already keep money at E*TRADE get a checking account linked to the brokerage, with unlimited ATM fee refunds worldwide on Max-Rate. The rate depends on the balance: 2.00% APY needs $10,000 or more, and below that Max-Rate pays 0.05%. That cliff is why it isn't rated higher.

Skip it if you'll keep under $10,000 in checking, or don't use E*TRADE for investing.

About E*TRADE Checking (Max-Rate)

Integrated checking for E*TRADE brokerage customers. E*TRADE Checking (Max-Rate) is offered by Morgan Stanley Private Bank, N.A. Our editorial rating is 3.9 out of 5.

Best for: Investors who want banking + brokerage in one place.

Editorial grade: B (composite score 77/100).

Highlights

What we like

Where it falls short

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $0. Current APY: 0.05%–2.00%. Rates and fees last checked on September 29, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Morgan Stanley Private Bank, N.A.. It is built from Morgan Stanley Private Bank, N.A.'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Checking shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The bank behind this account

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Read our full editorial methodology for how we review products.