Milford Federal Bank

Overview / Commentary
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in Milford and is the 83rd largest bank in the state of Massachusetts. It is also the 1,834th largest bank in the nation. It was established in 1937 and as of December of 2020, it had grown to 79 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 - YTD0.35%
Return on Equity - YTD3%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$438.7MM$413.9MM
LoansQ4 2020vs Q4 2019$366.0MM$363.1MM
DepositsQ4 2020vs Q4 2019$373.4MM$341.4MM
Equity CapitalQ4 2020vs Q4 2019$51.1MM$49.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.7MM$1.7MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.3MM$1.9MM
Real Estate OwnedQ4 2020vs Q4 2019$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

0.10%*$75k*-Money Market Account
OTHER TIERS: 0.05% $50 - $75k
0.10%*$75k*-Business Money Market Account
OTHER TIERS: 0.05% $50 - $75k

Milford Federal Bank Checking Account Rates

0.10%*-$10kEZ Interest Checking
OTHER TIERS: 0.05% $10k+

Milford Federal Bank CD Rates

0.50%$1k-4 Year CD
0.50%$1k-5 Year CD
0.45%$1k-3 Year CD
0.45%$500-3 Year Home Buyers CD
0.45%$500-3 Year Education CD
0.40%$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

0.50%$1k-4 Year IRA
0.50%$1k-5 Year IRA
0.45%$1k-3 Year IRA
0.40%$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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