Average User Rating:1 star rating based on 1 review.
Malvern Federal Savings Bank
Malvern Federal Savings Bank Locations| 42 E. Lancaster Ave. Paoli, PA 19301 610.644.9400 www.malvernfederal.com  |
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Malvern Federal Savings Bank is headquartered in Paoli and is the 56th largest bank in the state of Pennsylvania. It is also the 992nd largest bank in the nation. It was established in 1887 and as of September of 2011, it had grown to 90 employees at 8 locations. Malvern Federal Savings Bank has a 2-star health rating.
Malvern Federal Savings Bank Routing Number: 231373179
Related Posts
Many readers may remember Malvern Federal Savings Bank for its reward checking account. The reward checking account used to be very competitive back in 2009, and for a while it was available nationwid ...
Got a letter today announcing that starting June 1st, Malvern doesn't offer their Reward Plus Checking account anymore. It will automatically convert to their Premier Rewards Checking with 0.75% APR for balances above $2,500. Bad part is that to avoid the
The reward checking rate fell from 2.00% to 1.50% APY. This applies to balances up to $35K. Malvern's reward checking was popular when it was launched in early 2008. Through most of 2008 the yield was 5.01%, and the account was available nationwide. In Ap
Update 5/2/2011: The Reward Plus Checking account is being discontinued effective June 1, 2011.
See Rates for: Checking | Savings | Money Market | CD | IRA
Malvern Federal Savings Bank Checking Account Rates
Malvern Federal Savings Bank Savings Account Rates
Malvern Federal Savings Bank Money Market Rates
Malvern Federal Savings Bank CD Rates
| Apy | Min | Max | Product | |
| 1.75% | $500 | - | 84 Month CD | |
| 1.75% | $500 | - | Business 84 Month CD | |
| 1.60% | $500 | - | 60 Month CD | |
| 1.60% | $500 | - | Business 60 Month CD | |
| 1.25% | $1k | - | 42 Month Anniversary Special CD | |
| 1.25% | $1k | - | Business 42 Month Anniversary Special CD | |
| 0.85% | $500 | - | 36 Month CD | |
| 0.85% | $500 | - | Business 36 Month CD | |
| 0.65% | $500 | - | 24 Month CD | |
| 0.65% | $500 | - | Business 24 Month CD | |
| 0.45% | $500 | - | 18 Month CD | |
| 0.45% | $500 | - | Business 18 Month CD | |
| 0.35% | $500 | - | 12 Month CD | |
| 0.35% | $500 | - | Business 12 Month CD | |
| 0.20% | $1k | - | 6 Month CD | |
| 0.20% | $1k | - | Business 6 Month CD | |
| 0.15% | $1k | - | 3 Month CD | |
| 0.15% | $1k | - | Business 3 Month CD |
Malvern Federal Savings Bank IRA Rates
| Apy | Min | Max | Product | |
| 1.75% | $500 | - | 84 Month IRA | |
| 1.75% | $500 | - | 84 Month Roth IRA | |
| 1.75% | $500 | - | 84 Month CESA | |
| 1.60% | $500 | - | 60 Month IRA | |
| 1.60% | $500 | - | 60 Month Roth IRA | |
| 1.60% | $500 | - | 60 Month CESA | |
| 0.85% | $500 | - | 36 Month IRA | |
| 0.85% | $500 | - | 36 Month Roth IRA | |
| 0.85% | $500 | - | 36 Month CESA | |
| 0.65% | $500 | - | 24 Month IRA | |
| 0.65% | $500 | - | 24 Month Roth IRA | |
| 0.65% | $500 | - | 24 Month CESA | |
| 0.45% | $500 | - | 18 Month IRA | |
| 0.45% | $500 | - | 18 Month Roth IRA | |
| 0.45% | $500 | - | 18 Month CESA | |
| 0.35% | $500 | - | 12 Month IRA | |
| 0.35% | $500 | - | 12 Month Roth IRA | |
| 0.35% | $500 | - | 12 Month CESA |
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
2 out of 5 
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POOR Customer Service And Classic Bait & Switch Rates!
This bank is trying to expand...at the expense of customer service.
They offered a 2.%Money Market Account up until October 9, 2010--their Grand Opening!
When I went into their new bank on October 7th, I was informed that they no longer offer the 2.0%--we are coming out with a new rate...tomarrow. When I asked to see the manager--she was no help. I wrote a letter to the Bank President to get an explanation---no reply....NIce Customer Service.
I have a relative who did get the 2.0% Money Market Rate--he tells me the monthly statements do not include the earned interest in his balance--sloppy book work on the banks part.
I would STAY FAR AWAY FROM THIS BANK!!!