Milford Federal Bank


Overview / Commentary
508-634-2500
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in MILFORD and is the 77th largest bank in the state of Massachusetts. It is also the 1,771st largest bank in the nation. It was established in 1937 and as of March of 2024, it had grown to 66 employees at 4 locations. Milford Federal Bank's CD rates are 4X the national average, and it has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Health Grade Components

Overall
FDIC Certificate #29835
Year Established1937
Employees66
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD2.03%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$507.3MM$498.2MM
LoansQ1 2024vs Q1 2023$435.3MM$420.8MM
DepositsQ1 2024vs Q1 2023$375MM$385.9MM
Equity CapitalQ1 2024vs Q1 2023$55.5MM$54.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2MM$2.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.1MM$845K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$10-Business Statement Saving
3.25%*$25k*-EZ Choice Savings
OTHER TIERS: 1.25% $0 - $25k
0.05%$10-Regular Passbook
0.05%$10-Statement Savings
0.05%$0-Smart Start Savings Account

Milford Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market Checking Account
OTHER TIERS: 0.05% $50 - $10k | 0.10% $10k - $25k
0.20%*$25k*-Business Money Market Account
OTHER TIERS: 0.05% $50 - $10k | 0.10% $10k - $25k

Milford Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$0$10kEZ Interest Checking
OTHER TIERS: 0.10% $10k+

Milford Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$1k-9 Month CD
4.50%$1k-6 Month CD
3.75%$1k-12 Month CD
2.78%$1k-60 Month CD
2.53%$1k-48 Month CD
2.02%$1k-36 Month CD
2.02%$500-36 Months Home Buyers CD
2.02%$500-36 Month Education CD
1.51%$1k-24 Month CD
0.20%$1k-18 Month CD
0.10%$1k-3 Month CD

Milford Federal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$1k-9 Month IRA
4.50%$1k-6 Month IRA
3.75%$1k-12 Month IRA
2.78%$1k-60 Month IRA
2.53%$1k-48 Month IRA
2.02%$1k-36 Month IRA
1.51%$1k-24 Month IRA
0.10%$1k-3 Month IRA
0.10%$25-1 1/2 Year IRA
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.