Abstract: A suspendable magnetic soap holder assembly for magnetically suspending a bar of soap from a raised holding member includes a flexible suspender interconnected with a first member of a pair of mutually attracting devices and a bar of soap removably interconnected with a second member of the pair of mutually attracting devices. When the flexible suspender is coupled to the raised holding member and the pair of mutually attracting devices are interconnected, the bar of soap is suspended. In one embodiment, the pair of mutually attracting devices are a magnet and a metallic device. A buoyant body may be interposed between the first member and the flexible suspender so that the first member is attached to a bottom side of the buoyant body and the flexible suspender is removably interconnected to the top side of the buoyant body.