Morgan Stanley CD Rates and Terms for 2025
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Certificates of deposit (CDs) are a low-risk way to earn easy money on your savings — and despite the recent rate cut, banks and brokerages are still offering some of the highest CD rates seen in years. Among them is Morgan Stanley, an investment company known for providing wealth management and investment banking services.
Keep reading to learn more about Morgan Stanley CD rates for 2025 and see if these products are right for you.
Current Morgan Stanley CD Rates: September 2025
Morgan Stanley offers the following Preferred CD rates:
| Term | APY | Minimum Deposit |
|---|---|---|
| 3-month | $1,000 | |
| 6-month | $1,000 | |
| 9-month | $1,000 | |
| 11-month | $1,000 | |
| 23-month | $1,000 |
Pros and Cons of Morgan Stanley CDs
When considering a CD at Morgan Stanley, it can help to weigh the pros and cons.
Pros
- Competitive interest rates: Morgan Stanley CD rates are above the national average.
- FDIC-insured: FDIC insurance is there to protect your money up to $250,000.
- Low minimum deposit: You need only $1,000 to open a CD at Morgan Stanley.
Cons
- Limited availability: CDs are based on availability, and rates can change at any time.
- Early withdrawal penalties: You’ll face a fee if you take your funds out before the CD term is up.
- Must have a brokerage account: To open a CD, you need an existing brokerage account at Morgan Stanley.
How Much Can You Earn With a Morgan Stanley CD?
The amount you earn from a CD depends on a few factors:
- The amount you initially deposit
- The term length
- The bank’s rate or the APY offered
Here’s a simple example showing estimated earnings with Morgan Stanley CDs:
| Deposit Amount | Term Length | APY | Estimated Interest Earned* |
|---|---|---|---|
| $2,000 | 3-month | $20.48 | |
| $1,000 | 6-month | $20.25 | |
| $5,000 | 11-month | $197.19 | |
| $10,000 | 23-month | $800.58 |
How To Open a CD With Morgan Stanley
Opening a Morgan Stanley CD is a straightforward process. Keep in mind you will have to visit an advisor in person to open your new account. Here’s how to get started:
- Connect with your advisor. Reach out to your Morgan Stanley advisor to explore your options.
- Choose the right CD. Review available terms and rates to find the one that fits your financial goals.
- Complete the setup. Fill out the required forms and finalize your account details.
Good To Know
Make sure you meet all eligibility requirements. You’ll need to provide valid identification, meet the minimum deposit amount and complete any required documentation.
Morgan Stanley CD Rates vs. Other Banks
Morgan Stanley CD rates are competitive but how do they stack up against other banks? Here’s a side-by-side comparison:
| Bank | 3-month | 6-month | Minimum Deposit |
|---|---|---|---|
| Morgan Stanley | $1,000 | ||
| Ally Bank | $0 | ||
| Discover® Bank, Member FDIC | $0 | ||
| Capital One* | N/A | $0 |
Is a Morgan Stanley CD Right for You?
You will have to analyze your personal situation to decide whether a Morgan Stanley CD is right for you.
A Morgan Stanley CD Is Ideal For
- Existing customers: Preferred CDs are available exclusively to clients with eligible Morgan Stanley brokerage accounts.
- Investors seeking competitive rates: Morgan Stanley offers competitive rates from to .
- Individuals who do not need cash liquidity: CDs typically have early withdrawal penalties so if you need cash fairly soon, you may want to consider investing in another product.
A Morgan Stanley CD Is Not Great For
- New customers: If you don’t have a Morgan Stanley brokerage account, a CD may not be an ideal investment for you.
- Investors who require early access to funds: The general prohibition on early withdrawals makes these CDs less suitable for those who may need liquidity before the maturity date.
4 Tips for Getting the Best CD Rates
When shopping around for CD rates, it can help to keep these tips front of mind.
1. Consider Relationship Banking Perks
Some banks offer higher APYs if you have an existing relationship with the bank or have multiple accounts.
2. Compare Multiple Terms
Shop around for the best CD rates at multiple banks and brokerage institutions.
3. Look for Promotional or Limited-Time Offers
Banks sometimes offer promotional rates or limited-time specials. Check their websites occasionally to snag these great rates.
4. Use a CD Laddering Strategy if Liquidity Matters
A CD ladder lets you balance liquidity and returns by staggering CD maturity dates.
Morgan Stanley CDs: FAQ
Here are the answers to some of the most frequently asked questions regarding Morgan Stanley CD rates and details.- What is the minimum deposit for a Morgan Stanley CD?
- Morgan Stanley requires a $1,000 minimum deposit.
- Do I need a Morgan Stanley account to open a CD?
- You need an existing brokerage account to open a CD.
- Can I open a CD online?
- If you want to open a Morgan Stanley Preferred CD, you will need to visit your advisor.
- What happens if I withdraw before the term ends?
- Typically you will incur a penalty if you withdraw early from your CD.
- Are Morgan Stanley CD rates competitive in 2025?
- Yes, Morgan Stanley rates are above the national average and range from 4.02% to 4.31% APY.
Virginia Anderson contributed to the reporting for this article.
*Capital One interest rates accurate as of Sept. 8, 2025. See website for all current rates.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 8, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
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