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Online CD Accounts

Monday, June 22, 2026 10:28:00 AM

Safe and secure with competitive rates. Select a term and guarantee yourself a great return.

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Certificates of Deposit (CDs) offer a secure and low-risk investment option for individuals looking to grow their savings long term. CDs provide a reliable way to increase your wealth over time making certificates of deposit an excellent choice for those seeking stability and growth in their financial portfolios.

Malaga Bank offers a secure, convenient way to open a 3 or 5 year Certificate of Deposit online.

To apply you must:

  • Be 18 years or older.
  • Reside in California.

Only for Individual and Joint Ownership accounts. Joint Ownerships must submit required documents at the same time. Online CD Accounts are not available for trusts, businesses or other entities.  For more information about our CDs, or opening a Trust or Business CD, contact a Customer Service Representative, Monday - Friday, 9am to 5pm at 310-375-9000.

3 Year CD

5 Year CD

3 Year Online CD (1), (3), (4), (5)
APY(1) 3.75%
Interest Calculation Compounded Daily (3)
Min to Open $100,000
Early Withdrawal Penalty
Term 3 Years
Open 3 Year CD
5 Year Online CD (2), (3), (4), (5)
APY(2) 3.85%
Interest Calculation Compounded Daily (3)
Min to Open $100,000
Early Withdrawal Penalty
Term 5 Years
Open 5 Year CD
  1. Annual Percentage Yield (APY) is accurate as of 06/10/2026 and applies to 3 year certificate of deposit accounts opened online with $100,000 minimum balance required to obtain the 3.75% APY.  Rates and terms subject to change. Penalty for early withdrawal. Fees may reduce earnings on the account.
  2. Annual Percentage Yield (APY) is accurate as of 06/10/2026 and applies to 5 year certificate of deposit accounts opened online with $100,000 minimum balance required to obtain the 3.85% APY.  Rates and terms subject to change. Penalty for early withdrawal. Fees may reduce earnings on the account.
  3. FDIC insured up to applicable limits.
  4. The interest rate and annual percentage yield for your account will be paid until the maturity of your Certificate of Deposit. Interest is compounded daily and credited quarterly.
  5. At maturity, the account automatically renews into a one-year term at the then-current posted APY. A 7-day grace period immediately following maturity allows for changes, including withdrawals or term modifications without penalty.

What You’ll Need:

  • Social Security Number
  • Driver's license or other government issued documents, such as a Passport (including expiration date and issuing state/country)
  • Birth Date, Mother’s Maiden Name, Email Address
  • Home Address and Telephone Number
  • Previous Home Address (if you’ve lived at your current address less than two years)
  • Employment Information

If funding your new account from an external bank, you’ll also need:

  • The name of your external financial institution
  • The routing number of your external financial institution
  • Your account number at the external financial institution