Personal Savings and Money Market Accounts
Trust your savings with a bank that prioritizes your personal financial goals.
Dedicated Service
Our personal bankers are available to discuss your long-term financial goals and help you choose the right savings account for your needs. When you visit any of our branches in the South Bay, you can expect to be greeted by name and receive prompt, friendly service.
Money Market Accounts
Choose between our Malaga Market with some check writing privileges and Premier Market accounts. The monthly service fee can be waived if you meet minimum balance requirements. Earn interest on your savings while keeping access to your funds whenever needed.
Achieve Savings Goals
We have a long history of helping local businesses, professionals, and families reach their savings goals. Whether you’re saving for a child’s education, your own retirement, or to expand your business or legal, dental, or medical practice, we can help you find the right account.
Here To Stay
Since our doors opened in 1985, Malaga Bank hasn’t been involved in mergers, acquisitions, or name changes. We are deeply rooted in the South Bay area and not going anywhere. You can also find us in our community at the events and partnerships we support.
Visit one of our branches in Palos Verdes Estates, Rolling Hills Estates, Torrance, or San Pedro to open a new savings account, Money Market, or CD. We are ready to provide personalized service during the account opening process and beyond.
Savings Products
| Malaga Market (1) | Cash Management (2) | Premier Market (2) | Preferred Savings (2) | |
|---|---|---|---|---|
| Min to Open | $500 | $25,000 | $500 | $100 |
| Check Writing | Yes-Refer to Limitations | - | - | - |
| Monthly Fees | $10 if balance falls below $10,000 in statement period | $15 if balance falls below $10,000 in statement period | $5 if balance falls below $10,000 in statement period | $5 if balance falls below $200 in statement period — waived for minors, seniors and IRAs |
| Interest | Earns interest | Earns interest | Earns interest | Earns interest |
| Withdrawals | Unlimited | Unlimited | Unlimited | Unlimited |
For more information, contact a Customer Service Representative at 310.375.9000.
1 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.
2 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.