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Treasury to End Over-the-Counter Sales of Paper |
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PERSONAL BANKING |
At Malaga, we are committed to providing a personal banking experience that caters to today's busy lifestyle. Our personal bankers can help you find accounts that fit your needs and continue to work with you to realize and achieve your personal financial goals.
Choose from a variety of products and services; from checking accounts to lines of credit and personal loans, our personal bankers are here for you!
Checking, Savings and Money Market Accounts
| Accounts | Minimum Opening Deposit | Check Writing | Monthly Service Charge | Interest | Image Checks | Limitations | ATM/Debit Card | Account Features |
|---|---|---|---|---|---|---|---|---|
| CHECKING PRODUCTS | ||||||||
| No-Fee Checking | $100 | Unlimited | None | No | No | N/A | Yes | Online/Mobile Bkg Bill Payer E-Statements Required* 1st box of cks Free |
| Student Checking | $100 | Unlimited | None | No | No | Age 16 requires joint account with parent or guardian. | ATM card only | Online/Mobile Bkg Bill Payer E-Statements Required* 1st box of cks Free |
| Unlimited Checking | $100 | Unlimited | $7 if balance falls below $500 during the statement period. | No | Yes | N/A | Yes | Online/Mobile Bkg Bill Payer E-Statements |
| Senior Checking | $100 | Unlimited | None | No | Yes | Age 55+ | Yes | Online/Mobile Bkg Bill Payer E-Statements 1st box of cks Free |
| Preferred Checking | $100 | Unlimited | $10 if balance falls below $1,000 during the statement period. | Yes | Yes | N/A | Yes | Online/Mobile Bkg Bill Payer E-Statements |
| Malaga Market | $500 | 6 checks per statement period | $5 if balance falls below $10,000 during the statement period. | Yes | No | Limit of 6 third party transfers, of which 6 may be by check, or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card only | Online/Mobile Bkg Bill Payer E-Statements Unlimited over the counter withdrawals |
| SAVINGS PRODUCTS | ||||||||
| Cash Management | $25,000 | N/A | $15 if balance falls below $10,000 during the statement period. | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card only | Online/Mobile Bkg Bill Payer E-Statements Unlimited over the counter withdrawals |
| Premier Market | $500 | N/A | $5 if balance falls below $10,000 during the statement period. | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card only | Online/Mobile Bkg Bill Payer E-Statements Unlimited over the counter withdrawals |
| Preferred Savings | $100 | N/A | $3 if balance falls below $200 during the statement period. Waived for minors, seniors, retirement | Yes | N/A | Limit of 6 third party transfers or pre-authorized withdrawals. If limit is exceeded an excess transaction fee of $10 per item will be assessed. | ATM card only | Online/Mobile Bkg Bill Payer E-Statements Unlimited over the counter withdrawals |
For discussion purposes only; complete disclosures provided at account opening.
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Certificates of Deposit
| Account Name | Minimum Deposit/Balance | Deposits | Withdrawals | Term | Features |
|---|---|---|---|---|---|
| Fixed Rate CD | $1,000 | No | No (a) | 32 Days - 5 Years | Select term & interest rate based on amount to invest |
| IRA CD | $1,000 | No (c) | No (b) | 32 Days - 5 Years (excluding liquid accounts | Traditional, Roth & Simplified Employee Pension Plans (SEP) $25 Annual Trustee Fee |
| Jumbo CD | $100,000 | No | No (a) | 32 Days - 5 Years | Competitive rates; elect term & interest rate based on amount to invest |
| Malaga Kids Account | No Minimum | Unlimited | No (a) | 1 Year | Maximum age to open 17 years; no opening minimum; a free Malaga piggy bank to encourage savings! |
| 3 Month Liquid CD | $5,000 | Unlimited | Limited (d) | 3 Months | Allows flexibility; unlimited deposits |
| 5 Month Liquid CD | $5,000 | Unlimited | Limited (e) | 5 Months | Allows flexibility; unlimited deposits |
a) Penalty for early withdrawal
b) Exception applies to Required Minimum Distribution (RMD)
c) Exception applies to Annual Contributions
d) 1 penalty-free withdrawal up to 50% of balance during each term (IRA funds excluded)
e) 2 penalty-free withdrawals up to $50,000 combined during each term (IRA funds excluded)
Certificates of Deposit
Malaga offers you the ability to select your own term and interest rate based on the amount you invest. You can choose a term as short as 32 days or as long as five years.
3 Month Liquid CD
This short term account pays certificate of deposit rates, allows unlimited deposits and the flexibility of one penalty free withdrawal of up to 50% of the balance during each term.
5 Month Liquid CD
This short term account pays certificate of deposit rates yet allows you the flexibility of unlimited deposits and two penalty free withdrawals of up to $50,000 combined during each term.
Malaga Kids CD
When you open a kids account, Malaga Bank will give you a piggy bank to get started.
Jumbo CD
This account is ideal for customers looking for a competitive rate on larger balances; available in terms from 32 days to 2 years.
Individual Retirement CD
We offer Traditional, Roth and Simplified Employee Pension Plans(SEP)
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Malaga Bank offers convenient services to meet your personal banking needs.
Electronic Services…secure and convenient
- Online Banking
- E-Statements
- Mobile Banking
- 24 hour Telephone Banking
- Bill Payer
- Direct Deposit
- ATM and VISA Debit Cards
Financial Services…valuable and affordable
- Personal Loans
- Overdraft Lines of Credit
- Travelers Cheques
- U.S. Savings Bond Redemption
- Coupon Redemption
- Wire Transfers
- Telephone Transfers
Personal Banking Services…flexible and reliable
- Safe Deposit Boxes
- Notary Service
- Medallion Signature Guarantee
- Trust Deed Note Collection
- Night Depository
- Bank by Mail
- Photocopying
Deposit Calculators
These financial calculators require a small download for them to run. This download is safe and secure and only takes a few minutes of your time.
Click on the links below to access the following calculators:
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