Savings and Term Deposit Accounts

Regular 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. Now you find out how savings accumulate by using our savings calculator.

Money Market Accounts

This premium rate account is available in either a monthly statement or passbook format. The minimum balance is only $2,000 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.

Term Deposit Certificates

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. The Bonus rate will vary weekly. Weekly "SPECIAL RATE" CD's are excluded from the bonus. CD application.

Education Certificate

With an Education CD at Milford Federal Savings, 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.

Home Buyer's Certificate

Now, with just $500 to start, you can save faster than ever for the home of your dreams. With a Home Buyer's CD, available exclusively at Milford Federal Savings, your savings for a down payment will earn a high guaranteed rate.

Some of the features of our Home Buyers Certificates:

• You can make deposits at any time to this CD with minimums of only $25.
• No penalties for early withdrawal if you're buying a home.
• Special discounts are available on closing costs on mortgages processed through Milford Federal.