Featured Savings Rates
Featured Accounts
Overview / Commentary
203-783-5700
33 Broad Street
Milford, CT 06460

On June 26, 1872, thirty-eight prominent Milford citizens who recognized the need for a bank in Milford contributed funds to start a local savings bank. The new bank was formed as a mutual savings institution with no stockholders or other owners. The bank’s purpose was to serve the financial needs of its customers and to serve its community. Those goals have not changed.

The world of banking and financial services is changing rapidly. Individuals and businesses demand quality service, delivered quickly and conveniently. All of us at The Milford Bank work hard every day to meet that challenge. That’s whytheir loyal customers know, “There’s no place like hometown banking.”

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Health
A+

Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees86
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD2.87%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$421.3MM$391.3MM
LoansQ3 2016vs Q3 2015$346.6MM$321.3MM
DepositsQ3 2016vs Q3 2015$349.8MM$330.9MM
Equity CapitalQ3 2016vs Q3 2015$43.9MM$42.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.4MM$3.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$647.00K$2.6MM
Real Estate OwnedQ3 2016vs Q3 2015$917.00K$1.3MM
Rates
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* 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%--Passbook Centsible Kids Account
0.15%--Passbook Club Account
0.15%*$100k*-Passbook Savings
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $50k | 0.10% $50k - $100k
0.15%*$100k*-Statement Savings
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $50k | 0.10% $50k - $100k

Milford Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Sound Money Market Fund
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k

Milford Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IORETA
0.10%--IOLTA
0.05%--Prestige Checking
0.02%--Select Checking

Milford Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-5 Year CD
0.75%$1k-4 Year CD
0.55%$1k-3 Year CD
0.50%$1k-30 Month CD (PRESTIGE ONLY)
0.25%$1k-18 Month CD
0.25%$1k-2 Year CD
0.15%$1k-1 Year CD
0.10%$1k-91 Day CD
0.10%$1k-6 Month CD

Milford Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$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
Stratford Branch2366 Main StreetStratford, CT 06615
Woodmont Branch259 Merwin AvenueMilford, CT 06460
295 Boston Post Road Branch295 Boston Post RoadMilford, CT 06460
The Milford Bank33 Broad StreetMilford, CT 06460