E*TRADE is a popular investment brokerage platform that you may think of as strictly for trading stocks, ETFs, mutual funds, etc. But did you know it also offers some excellent certificates of deposit (CDs)?
CDs are a low-risk way to steadily earn interest and grow your savings. E*TRADE offers two CD types: standard and brokered. Let’s quickly examine each of these to help you decide which is best for your situation.
Bank details checked Feb. 3, 2025, and are subject to change.
E*TRADE CD rates and products
While E*TRADE is itself an electronic trading platform, it provides traditional CDs through its parent company, Morgan Stanley. These are exceptionally high-yield accounts that compound daily.
Its brokered CDs offer more choice, as you can buy a CD from many different banks, but they’ve also got their share of drawbacks.
Standard CDs
E*TRADE standard CDs are extremely competitive, with all terms offering generous APYs as of this writing. You can choose from seven term lengths ranging between six months and five years. There is no minimum deposit required to open an account.
E*TRADE standard CD rates
Bank details checked Feb. 3, 2025.
Brokered CDs
In addition to standard bank CDs, E*TRADE also sells brokered CDs. These investments come with a few perks you won’t get from a regular E*TRADE CD, as well as some risks.
For example, you can sell your brokered CD for cash without incurring early withdrawal fees—though you may not be able to sell it for as much as your initial investment. You’ll also have significantly more options, as you can choose CDs from many banks (not just E*TRADE), but the minimum investment is $1,000. Also, interest won’t compound daily as it will with an E*TRADE bank CD.
While E*TRADE doesn’t itself offer specialty CDs, you may be able to buy them in the form of a brokered CD. For example, you can buy an IRA CD if you’ve got an IRA brokerage account.
Compare E*TRADE CDs to competitors
 E*TRADE |  Ally Bank |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| 4.05% | 3.30% | 4.00% |
| 9 months | 9 months | 9 months |
| 4.10% | 3.30% | 3.50% |
| 12 months | 12 months | 12 months |
| 4.10% | 3.70% | 3.25% |
| 24 months | 24 months | 24 months |
| 3.60% | N/A | 3.25% |
| 60 months | 60 months | 60 months |
| 3.70% | 3.40% | 3.25% |
| View offer at E*TRADE | View offer at MoneyLion | View offer at Northern Bank Direct |
Bank details checked Feb. 3, 2025.
Learn more about E*TRADE
Founded in the early 1980s, E*TRADE is an online investment and brokerage site that now operates as a subsidiary of Morgan Stanley Bank (which acquired E*TRADE back in 2020). It pairs a large variety of investments with a platform that’s easy to use—and prioritizes educating users with materials including videos, webinars, etc. to help its customers improve their portfolios.
Frequently asked questions
What is the minimum deposit for an E*TRADE CD?
There is no minimum deposit for a standard E*TRADE CD. To open a brokered CD, you must deposit at least $1,000.
What is the early withdrawal penalty for E*TRADE CDs?
The early withdrawal penalty depends on the length of your CD term. You’ll pay between 20 and 450 days’ simple interest.
Does E*TRADE offer automatic CD renewal?
E*TRADE will automatically renew your CD to one of the same term length unless you close your account or request a different term during the seven-day renewal period.
Does E*TRADE offer jumbo CDs?
E*TRADE does not offer jumbo CDs, at least not as part of its lineup of standard bank CDs.
Are E*TRADE CDs FDIC insured?
E*TRADE CDs are FDIC insured up to $250,000 per account holder per account type. Though E*TRADE isn’t itself a bank, its CDs are offered through Morgan Stanley.
