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  2. Milford Bank

Milford Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.85%5-year CD5 Year CD
1.55% - National Average
0.15%1-year CD1 Year CD
0.62% - National Average
0.15%SavingsStatement Savings
1.30% - Synchrony Bank High Yield SavingsAdvertisement
View all Milford Bank rates »

Overview / Commentary
www.milfordbank.com
203-783-5700
33 Broad Street
Milford, CT 06460

Milford Bank is headquartered in Milford and is the 27th largest bank in the state of Connecticut. It is also the 1,627th largest bank in the nation. It was established in 1872 and as of June of 2017, it had grown to 86 employees at 8 locations. Milford Bank has an A health rating.

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Health
A

Data as of Q2 2017

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Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees86
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.74%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$430.3MM$417.0MM
LoansQ2 2017vs Q2 2016$361.4MM$339.7MM
DepositsQ2 2017vs Q2 2016$360.7MM$357.3MM
Equity CapitalQ2 2017vs Q2 2016$44.3MM$43.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.4MM$3.5MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.6MM$1.1MM
Real Estate OwnedQ2 2017vs Q2 2016$138.00K$1.4MM
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
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