Milford Bank


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

Milford Bank is headquartered in MILFORD and is the 20th largest bank in the state of Connecticut. It is also the 1,572nd largest bank in the nation. It was established in 1872 and as of June of 2023, it had grown to 75 employees at 8 locations. Milford Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD4.33%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$570.0MM$582.4MM
LoansQ2 2023vs Q2 2022$428.7MM$403.4MM
DepositsQ2 2023vs Q2 2022$496.9MM$524.1MM
Equity CapitalQ2 2023vs Q2 2022$42.7MM$43.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$4.5MM$4.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.9MM$2.1MM
Real Estate OwnedQ2 2023vs Q2 2022$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
0.15%$5-Passbook Centsible Kids Account
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
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 StMilford, CT 06460
Main Street Stratford Branch3651 Main StreetStratford, CT 06614

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