Abstract: An improved magnetic soap holder (10) for suspending a bar of soap and, if desired, utensils so that each may dry. The improved magnetic soap holder (10) includes a soap-holding magnet (20) used to attract the soap-holding plate (14), which is imbedded into a bar of soap. The soap-holding magnet (20) is placed in a soap-holding-magnet housing (18) to concentrate the magnetic force thus allowing a magnetic pull through a greater distance. This in turn allows an arm underside covering (24) to be employed, making cleaning easier. The bar of soap is suspended from the arm (12) when the soap-holding plate (14) is brought into magnetic contact with the soap-holding magnet (20). In an alternate embodiment, there is also at least one utensil-holding magnet (30) used to attract a utensil-holding piece (40), which is adhesively backed and which is attached to a utensil. The utensil is suspended from the arm (12) when the utensil-holding piece (40) is brought into magnetic contact with the utensil-holding magnet (30).