Overview / Commentary
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in Milford and is the 88th largest bank in the state of Massachusetts. It is also the 1,810th largest bank in the nation. It was established in 1937 and as of September of 2018, it had grown to 81 employees at 4 locations. Milford Federal Bank's CD rates are 3X the national average, and it 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 - YTD2.84%
Annual Interest Income$9.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$383.2MM$383.6MM
LoansQ3 2018vs Q3 2017$340.7MM$340.1MM
DepositsQ3 2018vs Q3 2017$317.0MM$319.2MM
Equity CapitalQ3 2018vs Q3 2017$47.4MM$46.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.6MM$1.5MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.7MM$3.7MM
Real Estate OwnedQ3 2018vs Q3 2017$489.00K$0
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* 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

0.10%$50-Regular Passbook
0.10%$50-Statement Savings

Milford Federal Bank Money Market Rates

0.45%*$75k*-Business Money Market Account
OTHER TIERS: 0.10% $50 - $10k | 0.15% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $75k
0.30%*$75k*-Money Market Account
OTHER TIERS: 0.10% $50 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $75k

Milford Federal Bank CD Rates

2.50%$1k-4 Year CD
2.50%$1k-5 Year CD
2.45%$1k-3 Year CD
2.40%$1k-2 Year CD
2.25%$1k-1 Year CD
2.25%$500-3 Year Home Buyers CD
2.25%$500-3 Year Education CD
2.10%$1k-9 Month CD Special
2.00%$1k-15 Month CD Special (New Money)
1.00%$1k-1 1/2 Year CD
0.30%$1k-6 Month CD
0.15%$1k-3 Month CD

Milford Federal Bank IRA Rates

2.50%$1k-4 Year IRA
2.50%$1k-5 Year IRA
2.45%$1k-3 Year IRA
2.40%$1k-2 Year IRA
2.25%$1k-1 Year IRA
2.10%$1k-9 Month IRA Special
2.00%$1k-15 Month IRA Special - New Money
1.00%$1k-1 1/2 Year IRA
0.30%$25-1 1/2 Year Floating IRA
0.30%$1k-6 Month IRA
0.15%$1k-3 Month IRA

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

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