Milford Bank

Overview / Commentary

www.milfordbank.com

203-783-5700

33 Broad Street
Milford, CT 06460

Milford Bank is headquartered in Milford and is the 23^rd largest bank in the state of Connecticut. It is also the 1,694^th 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.

View all posts from:

2019

5/27 - Milford Bank's (CT) New Kasasa Cash Earns 3.00% APY Up To $15k

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	16101
Year Established	1872
Employees	81
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.38%
Return on Equity - YTD	3.86%
Annual Interest Income	$4.2MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$510.3MM$457.7MM
Loans	Q1 2021vs Q1 2020	$408.0MM$390.8MM
Deposits	Q1 2021vs Q1 2020	$448.3MM$363.2MM
Equity Capital	Q1 2021vs Q1 2020	$49.2MM$48.3MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$4.3MM$3.5MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$2.0MM$1.4MM
Real Estate Owned	Q1 2021vs Q1 2020	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$15k	Kasasa 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$25	-	1 year+ Floating Rate IRA

Locations

Milford Bank Locations
Boston Post Road Branch	1455 Boston Post Road	Milford, CT 06460
Devon Branch	205 Bridgeport Avenue	Milford, CT 06460
Woodmont Branch	259 Merwin Avenue	Milford, CT 06460
295 Boston Post Road Branch	295 Boston Post Road	Milford, CT 06460
The Milford Bank	33 Broad Street	Milford, CT 06460
Main Street Stratford Branch	3651 Main Street	Stratford, CT 06614

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.