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	$10	.25%	.25%
Christmas and Vacation Clubs	$10	.25%	.25%

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

Description	Interest Rate	Annual Percentage Yield
Balance $.01 - $9,999.99	.30%	.30%
Balance $10,000 - $24,999.99	.50%	.50%
Balance $25,000 - $49,999.99	.65%	.65%
Balance $50,000 - $74,999.99	.80%	.80%
Balance $75,000 - Plus	.90%	.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	.55%	.55%
6 Month Certificate	$1,000	.80%	.80%
9 Month Certificate	$1,000	.85%	.85%
1 Year Certificate	$1,000	1.00%	1.00%
13 Month Certificate "SPECIAL"	$1,000	1.35%	1.35%
1-1/2 Year Certificate	$1,000	1.30%	1.30%
2 Year Certificate	$1,000	1.69%	1.70%
2 1/2 Year Certificate	$1,000	1.74%	1.75%
3 Year Certificate	$1,000	2.13%	2.15%
3 Year Certificate HOMEBUYERS CD	$500	2.13%	2.15%
3 Year Certificate EDUCATION CD	$500	2.13%	2.15%
4 Year Certificate	$1,000	2.23%	2.25%
5 Year Certificate	$1,000	2.47%	2.50%
1 1/2 Yr Floating IRA*	$25	.80%	.80%

*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