Milford Federal Bank

Overview / Commentary
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in Milford and is the 79th largest bank in the state of Massachusetts. It is also the 1,863rd largest bank in the nation. It was established in 1937 and as of June of 2022, it had grown to 73 employees at 4 locations. Milford Federal Bank has an A health rating.


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Health Grade Components

FDIC Certificate #29835
Year Established1937
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD2.62%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$456.0MM$453.1MM
LoansQ2 2022vs Q2 2021$386.5MM$368.6MM
DepositsQ2 2022vs Q2 2021$396.4MM$386.5MM
Equity CapitalQ2 2022vs Q2 2021$52.1MM$51.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.9MM$1.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$602.00K$1.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Milford Federal 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 Federal Bank Savings Account Rates

0.05%$10-Regular Passbook
0.05%$10-Statement Savings
0.05%--EZ Choice Savings

Milford Federal Bank Money Market Rates

0.05%$50-Money Market Account
0.05%$50-Business Money Market Account

Milford Federal Bank Checking Account Rates

0.05%--EZ Interest Checking

Milford Federal Bank CD Rates

2.75%$1k-5 Year CD
2.25%$1k-4 Year CD
1.75%$1k-3 Year CD
1.75%$500-3 Year Home Buyers CD
1.75%$500-3 Year Education CD
0.35%$1k-2 Year CD
0.20%$1k-1 Year CD
0.20%$1k-1 1/2 Year CD
0.15%$1k-9 Month CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD

Milford Federal Bank IRA Rates

2.75%$1k-5 Year IRA
2.25%$1k-4 Year IRA
1.75%$1k-3 Year IRA
0.35%$1k-2 Year IRA
0.20%$1k-1 Year IRA
0.20%*$1k*-1 1/2 Year IRA
OTHER TIERS: 0.10% $25 - $1k
0.15%$1k-9 Month IRA
0.10%$1k-3 Month IRA
0.10%$1k-6 Month IRA

Milford Federal Bank Locations
Whitinsville Branch1271 Providence RoadWhitinsville, MA 01588
Woonsocket Branch2020 Diamond Hill RoadWoonsocket, RI 02895
Milford Federal Savings and Loan Association246 Main StMilford, MA 01757
Route 109 Plaza Branch91 Medway RoadMilford, MA 01757

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