Once your CD matures, Morgan Stanley will deposit your initial deposit and earned interest into your Preferred Savings account. But you could lose money if your CD sells for less than what you paid into it.Īfter making your initial deposit, adding more funds to a Morgan Stanley CD also isn’t allowed. If you need to access your money before your CD matures, you can attempt to sell it on the secondary market penalty-free. Similar to other brokered CDs, you can’t make an early withdrawal from a Morgan Stanley CD. This maximum includes earned interest, so keep this in mind as you plan your investment strategy. So while you can invest millions, your deposits will only be insured up to $250,000 per depositor, per insured bank. However, typical FDIC insurance limits still apply. The maximum amount of money you can invest in a Morgan Stanley CD is $10 million (up to $5 million per insured bank). You must use new money deposited in the past 30 days to open a CD. If you want to invest more, you can do so in increments of $1,000. The minimum deposit required for a Morgan Stanley CD is $1,000. Morgan Stanley CDs are available to current Morgan Stanley customers with an active brokerage account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |