Business Savings and Money Market Accounts
Save with purpose at Malaga Bank, where your financial success aligns with community growth. Enjoy tailored business savings accounts and a commitment to local prosperity.
Business Banking Experts
Our business bankers know your name and treat your business with friendly, professional service. We are the neighborhood bank for your neighborhood business, dedicated to supporting the community just like you are.
Business Money Market
We offer two Money Market accounts for businesses: Business Money Market with check writing privileges and Premier Market. Both accounts allow unlimited over-the-counter withdrawals. Earn interest on your business savings to prepare for future investments in your company.
Trusted Business Savings
We’ve been established in the South Bay area for 39 years and counting. You can count on Malaga Bank to be here today, tomorrow, and in the future with no name changes or mergers. We will continue to provide the same friendly and knowledgeable service from our experienced business bankers.
Multiple Savings Options
Find the perfect savings account for your business right here on the peninsula with Malaga Bank. From Preferred Savings to Cash Management and Money Market, we can help you grow your business savings while avoiding monthly service fees by meeting minimum balance requirements.
Trust your business savings to an established local bank that shares your mission of putting the community first. You can count on our business bankers to be a true partner for your South Bay business. To open a new business savings account, visit one of our branches in Palos Verdes Estates, Rolling Hills Estates, Torrance, or San Pedro or complete our online form.
| Business Money Market(2) | Cash Management(3) | Premier Market(3) | Preferred Savings(3) | |
|---|---|---|---|---|
| Min to Open | $1,000 | $25,000 | $500 | $100 |
| Monthly Fees | $10 monthly service fee if balance falls below $1,500 during the statement period | $15 monthly service fee if balance falls below $10,000 during the statement period | $5 monthly service fee if balance falls below $10,000 during the statement period | $5 monthly service fee if balance falls below $200 during the statement period |
| Interest | Yes | Yes | Yes | Yes |
| Withdrawals | Unlimited over the counter withdrawals | Unlimited over the counter withdrawals |
Unlimited over the counter withdrawals |
Unlimited over the counter withdrawals |
| Additional Features |
Electronic Deposit for Business(1) |
Electronic Deposit for Business(1) | Electronic Deposit for Business(1) | Electronic Deposit for Business(1) |
1 Ask about pricing.
2 6 pre-authorized transfers (including checks, ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.
3 6 pre-authorized transfers (including ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.