Annual Percentage Yield (APY) is accurate as of 9/17/19, and subject to change at any time without notice.  

Savings Accounts*

This account offers a competitive variable rate which Milford Federal sets on a weekly basis to reflect market conditions. We offer both passbook and statement savings accounts, and you may deposit or withdraw at any time without notice. You can find out how savings accumulate by using our savings calculator
DescriptionMinimum to Open
& Earn APY
Interest RateAnnual Percentage
Yield (APY)
Regular Passbook$50.10%.10%
Statement Savings
$50
$100 Minimum to avoid monthly service charge
.10%.10%

Money Market Accounts*

This premium rate account is available in either a monthly statement or passbook format. With earnings rates at higher money market levels, this account is ideal for individuals with higher balances desiring to maintain a high level of liquidity. Minimum to open $50. Minimum to avoid monthly service charge $2,500.00.
Balance to Earn Stated APY
Interest RateAnnual Percentage
Yield (APY)
$50 - $2,499.99
with monthly service fee of $10
.10%.10%
$2,500 - $9,999.99.10%.10%
$10,000 - $24,999.99.15%.15%
$25,000 - $49,999.99.20%.20%
$50,000 - $74,999.99.25%.25%
$75,000 - Plus.30%.30%
Business Money Market Accounts:
$50 - $2,499.99
with monthly service fee of $10
.10%.10%
$2,500 - $9,999.99.10%.10%
$10,000 - $24,999.99.15%.15%
$25,000 - $49,999.99.25%.25%
$50,000 - $74,999.99.35%.35%
$75,000 - Plus.45%.45%

Certificates of Deposit**

We are pleased to offer several different certificate terms ranging from 3 months to 5 years designed to fit your individual needs. Our interest rates are set at competitive market levels. EZ Checking customers who maintain a combined deposit balance of $10,000 or more will be offered a CD Bonus rate of 5 basis points. "Special Rate" CDs excluded from bonus.
Term Minimum to Open
& Earn Stated APY
Interest RateAnnual Percentage
Rate (APY)
3 Month CD$1,000.15%.15%
6 Month CD$1,000.30%.30%
9 Month CD Special$1,0001.93%1.95%
11 Month CD Special$1,0001.98%2.00%
1 Year Certificate$1,0001.88%1.90%
1.5 Year CD $1,0001.93%1.95%
2 Year CD$1,0002.03%2.05%
3 Year CD$1,0002.08%2.10%
3 Year Home Buyers CD
$5001.98%2.00%
3 Year Educational CD$5001.98%2.00%
4 Year CD
$1,0002.13%2.15%
5 Year CD
$1,0002.13%2.15%
1-1/2 Year IRA*$25.30%.30%
Home Buyers CD
With just $500 to start, you can save for the home of your dreams faster than ever. With a Home Buyer's CD, available exclusively at Milford Federal, your savings for a down payment will earn a high guaranteed rate. Make deposits at any time to this CD with a minimum of only $25. No penalties for early withdrawal if buying a home. Special discounts available on closing costs for mortgages processed through Milford Federal.
Educational CD
With an Education CD at Milford Federal, your savings for tuition, books, room and board, or other related expenses, earn a high guaranteed rate. With just $500 to start, you can save faster than ever and help pay for education costs. This account allows you to make contributions when the time is right for you, as often as you like, with the freedom to make payments to the school of your choice.

  Call Now To Learn More View Our Brochure Funds Availability Disclosure 

*Rate may change after account is opened. Fees may reduce earnings on account. **Fees may reduce earnings on account. Penalty for early withdrawal. Interest is compounded daily. All CD types are available for IRA accounts. 

Deposits are accepted from residents of Massachusetts, Rhode Island and Windham County Connecticut only. All accounts are subject to approval, and MFB reserves the right for any reason to refuse a deposit or to return all or any part thereof. Each depositor insured to at least $250,000 by the Federal Deposit Insurance Corporation.