A novel kind of biomolecule-based electrical bistable device composed of phospholipid-CdTe nanoparticle multilayered films was demonstrated. The composite film was fabricated by a facile solution-cast method. X-ray reflectivity and transmission electron microscopy measurements showed the homogeneous distribution of nanoparticles within the lamellar lipid matrix with long-range ordering. Current-voltage scans on the Al/(lipid-nanoparticle composite film)/ITO/glass structures at room temperature exhibited an obvious current bistable phenomenon. Further investigation of such bionanoparticle composite film promises to show its importance for applications in future memory nanodevices with tailored performance.