Deposit Rates

(subject to change without notice; deposits accepted from residents of Massachusetts,
Rhode Island and Windham County Connecticut only)

Savings Accounts*
Fees may reduce earnings on accounts.

Description	Minimum to Open	Interest Rate	Annual Percentage Yield
NOW Account	$10	.10%	.10%
Regular Passbook or Statement Savings Account	$10	.50%	.50%
Christmas and Vacation Clubs	$10	.50%	.50%

Money Market Account*
Minimum to open account $10.00
Fees may reduce earnings on account.

Description	Interest Rate	Annual Percentage Yield
Balance $.01 - $9,999-	.65%	.65%
Balance $10,000 - $24,999	1.10%	1.11%
Balance $25,000 - $49,999	1.64%	1.65%
Balance $50,000 - $74,999	1.79%	1.80%
Balance $75,000 - Plus	1.88%	1.90%

Certificates of Deposit**
Fees may reduce earnings on account.
Penalty for early withdrawal.

EZ Checking /EZ Checking Plus customers receive
20 basis points bonus with $10,000 on deposit at Milford Federal.
"Special Rate" CD's excluded.

Start a CD with these rates

Description	Minimum to Open	Interest Rate	Annual Percentage Yield
3 Month Certificate	$1,000	2.03%	2.05%
6 Month Certificate "SPECIAL"	$1,000	2.72%	2.75%
9 Month Certificate	$1,000	2.37%	2.40%
1 Year Certificate	$1,000	2.52%	2.55%
1-1/2 Year Certificate	$1,000	2.52%	2.55%
2 Year Certificate	$1,000	2.77%	2.80%
2 1/2 Year Certificate	$1,000	2.77%	2.80%
3 Year Certificate	$1,000	2.96%	3.00%
3 Year Certificate HOMEBUYERS CD	$500	2.96%	3.00%
3 Year Certificate EDUCATION CD	$500	2.96%	3.00%
4 Year Certificate	$1,000	3.11%	3.15%
5 Year Certificate	$1,000	3.35%	3.40%
1 1/2 Yr Floating IRA*	$25	2.81%	2.85%

*Rate May Change After Account Is Opened.

All CD types are available for IRA accounts.

For more information, or to speak
with a customer service representative,
please call 508-634-2500 or 800-478-6990.

Other Rate Pages: Mortgage Loans, Consumer Loans