Milford Bank


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

Milford Bank is headquartered in Milford and is the 21st largest bank in the state of Connecticut. It is also the 1,599th largest bank in the nation. It was established in 1872 and as of December of 2019, it had grown to 84 employees at 8 locations. Milford Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees84
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.69%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$449.7MM$441.9MM
LoansQ4 2019vs Q4 2018$388.6MM$381.5MM
DepositsQ4 2019vs Q4 2018$360.6MM$345.8MM
Equity CapitalQ4 2019vs Q4 2018$47.7MM$45.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.1MM$3.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.3MM$1.5MM
Real Estate OwnedQ4 2019vs Q4 2018$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
1.50%*$100k*-Kasasa Saver
OTHER TIERS: 1.00% 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
0.20%*$250k*-Sound Money Market Fund
OTHER TIERS: 0.02% $5 - $5k | 0.03% $5k - $10k | 0.05% $10k - $50k | 0.10% $50k - $100k | 0.15% $100k - $250k

Milford Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$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
0.70%$1k-5 Year CD
0.60%$1k-4 Year CD
0.50%$1k-3 Year CD
0.50%$1k-30 Month CD (Prestige Only)
0.25%$1k-2 Year CD
0.20%$1k-18 Month 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
0.20%$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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