Milford Bank


Overview / Commentary
203-783-5700
33 Broad Street
Milford, CT 06460

Milford Bank is headquartered in Milford and is the 23rd largest bank in the state of Connecticut. It is also the 1,694th largest bank in the nation. It was established in 1872 and as of March of 2021, it had grown to 81 employees at 8 locations. Milford Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees81
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.86%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$510.3MM$457.7MM
LoansQ1 2021vs Q1 2020$408.0MM$390.8MM
DepositsQ1 2021vs Q1 2020$448.3MM$363.2MM
Equity CapitalQ1 2021vs Q1 2020$49.2MM$48.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$4.3MM$3.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.0MM$1.4MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Milford Bank; 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.

Milford Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Kasasa Saver
OTHER TIERS: 0.50% Up to $100k
0.15%$5-Passbook Centsible Kids Account
0.15%$5-Passbook Club Account
0.15%*$100k*-Passbook Savings
OTHER TIERS: 0.01% $5 - $5k | 0.05% $5k - $50k | 0.10% $50k - $100k
0.15%*$100k*-Statement Savings
OTHER TIERS: 0.01% $5 - $5k | 0.05% $5k - $50k | 0.10% $50k - $100k

Milford Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Sound Money Market Fund
OTHER TIERS: 0.02% $5 - $5k | 0.03% $5k - $10k | 0.05% $10k - $100k

Milford Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+
0.05%$5-IORETA
0.05%$5-IOLTA
0.02%$5-Prestige Checking
0.02%$5-Select Checking

Milford Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1k-5 Year CD
0.30%$1k-4 Year CD
0.25%$1k-3 Year CD
0.25%$1k-30 Month CD (Prestige Only)
0.15%$1k-2 Year CD
0.10%$1k-1 Year CD
0.10%$1k-18 Month CD
0.05%$1k-91 Day CD
0.05%$1k-6 Month CD

Milford Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$25-1 year+ Floating Rate IRA
Locations


Milford Bank Locations
Boston Post Road Branch1455 Boston Post RoadMilford, CT 06460
Devon Branch205 Bridgeport AvenueMilford, CT 06460
Woodmont Branch259 Merwin AvenueMilford, CT 06460
295 Boston Post Road Branch295 Boston Post RoadMilford, CT 06460
The Milford Bank33 Broad StreetMilford, CT 06460
Main Street Stratford Branch3651 Main StreetStratford, CT 06614

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