Malvern Bank (PA)

Great Rates, Products, And People!

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It’s great to deal with people and not need to deal with robots. Overall the staff seem friendly and knowledgeable.

They have great rates on deposits and also loans.

Nothing At Malvern Bank Has Changed

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I came here to write a review on Malvern Bank customer service and realized someone beat me to it, 3 year’s ago. Nothing has changed. I am having issues with the Card Valet App for a week now. After three emails and two phone calls I am nowhere on getting support. No one understands it and one group refers you to another group until you circle back to the original contact. They make promises someone will get back to you that go unfulfilled. I am hopeful the new owners will clean house, get rid of the useless dead wood, and create an institution that actually lives up to its motto, “Beyond Your Expectations”. At this point the organization functions “Below all reasonable expectations”.

Horrible, Horrible Bank

By chance I came across these other reviews of the Malvern Bank, and I was not at all surprised. I have not done business with any bank as horrendous as this one. Forget about contacting Bank President by letter, etc. - all correspondence ignored. Staff in local branches not knowledgeable; wait times, horrendous, customer service non-existent. If you are foolish enough not to believe everything that has been written here, go and find out for yourself. I have a feeling you might just want to add another negative review to the growing list here.

IRA Staff Are Horrible- Don't Know What They Are Doing

Tried to take my minimum distribution from an inherited IRA. Took 2 trips to bank, 2 phone calls and they still got it wrong. Issued an incorrect 2099R. Very frustrating. Woman I dealt with knew less than me and I don't work for a bank. They are going to lose me as a customer as I am withdrawing my money.



Health Grade Components

FDIC Certificate #27861
Year Established1887
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD2.83%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$996.0MM$1.10B
LoansQ1 2023vs Q1 2022$799.2MM$811.2MM
DepositsQ1 2023vs Q1 2022$746.3MM$862.3MM
Equity CapitalQ1 2023vs Q1 2022$165.6MM$160.6MM
Loan Loss AllowanceQ1 2023vs Q1 2022$9.1MM$9.3MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$14.9MM$14.7MM
Real Estate OwnedQ1 2023vs Q1 2022$200.00K$5.0MM
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Always verify rates and promotions with the bank or credit union. We are not Malvern Bank (PA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Malvern Bank (PA) Savings Account Rates

1.00%*-$100kKasasa Saver
OTHER TIERS: 0.50% $100k+
0.23%$10-Malvern Youth Savings
0.23%$200-Statement Savings
0.23%--Retirement Statement Savings
0.05%$200-Business Statement Savings

Malvern Bank (PA) Money Market Rates

3.15%*$25k*-Platinum MMA - New Money & Relationship
OTHER TIERS: 0.00% Up to $25k
3.15%*$25k*-Investment MMA w/Malvern Investment Account
OTHER TIERS: 0.00% Up to $25k
1.59%*$100k*-Premier Rewards Money Market
OTHER TIERS: 0.20% $2.5k - $25k | 0.35% $25k - $50k | 0.85% $50k - $100k
1.25%$2.5k-OnLine Money Market - New Money
0.30%*$100k*-Star Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.30%*$250k*-Business Money Market
OTHER TIERS: 0.23% $2.5k - $25k | 0.25% $25k - $100k | 0.28% $100k - $250k
0.30%*$125k*-Premium Money Market
OTHER TIERS: 0.20% $75k - $125k
0.30%*$100k*-Premier Rewards Business Money Market Account
OTHER TIERS: 0.23% $2.5k - $25k | 0.25% $25k - $100k

Malvern Bank (PA) Checking Account Rates

2.00%*-$25kKasasa Cash Checking
OTHER TIERS: 0.50% $25k+
0.30%*$100k*-Premier Rewards Checking
OTHER TIERS: 0.05% $2.5k - $25k | 0.15% $25k - $100k
OTHER TIERS: 0.23% $2.5k - $25k | 0.25% $25k - $100k
0.30%*$100k*-Premiere Rewards Business Checking
OTHER TIERS: 0.23% $2.5k - $25k | 0.25% $25k - $100k
0.23%$5k-Senior Checking
0.05%$1k-Free Checking with Interest
0.05%-$25kFree Business Checking with Interest
0.05%-$25kNon-Profit Business Checking

Malvern Bank (PA) CD Rates

0.35%$500-12 Month CD
0.35%$500-18 Month CD
0.35%$500-24 Month CD
0.35%$500-36 Month CD
0.35%$500-60 Month CD
0.35%$500-Business 12 Month CD
0.35%$500-Business 18 Month CD
0.35%$500-Business 24 Month CD
0.35%$500-Business 36 Month CD
0.35%$500-Business 60 Month CD
0.35%$500-48 Month CD
0.35%$500-Business 48 Month CD
0.30%$1k-3 Month CD
0.30%$1k-6 Month CD
0.30%$1k-Business 3 Month CD
0.30%$1k-Business 6 Month CD

Malvern Bank (PA) IRA Rates

0.35%$500-12 Month IRA
0.35%$500-18 Month IRA
0.35%$500-24 Month IRA
0.35%$500-36 Month IRA
0.35%$500-60 Month IRA
0.35%$500-48 Month IRA

Malvern Bank (PA) Locations
100 West King Street Branch100 West King StreetMalvern, PA 19355
Rt 23 & 100 Branch1000 Ridge RoadPottstown, PA 19465
Malvern Federal Savings Bank42 E Lancaster AvePaoli, PA 19301
West Uwchlan Avenue Branch537 West Uwchlan AvenueDowningtown, PA 19335
Lancaster Ave Branch650 Lancaster AveBerwyn, PA 19312

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