Deposit rates

Annual Percentage Yield (APY) is accurate as of 11/25/2020, and subject to change at any time without notice.


 

EZ Interest Checking and EZ Choice Savings

Description

Minimum to Open
& Earn APY

Interest Rate

Annual Percentage
Yield (APY)

EZ Interest Checking$0.01-$9,999.99
           $10,000 +
.10%
.05%
.10%
.05%
EZ Choice Savings$0.01-$24,999.99
            **$25,000+
.05%
.05%
.05%
.05%
**must have an active EZ interest checking account

Passbook & Statement 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

Description

Minimum to Open
& Earn APY

Interest Rate

Annual Percentage
Yield (APY)

Regular Passbook$10.05%.05%
Statement Savings
$10
.05%.05%
 

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 Rate

Annual Percentage
Yield (APY)

$50 - $9,999.99
with monthly service fee of $10
.05%.05%
$10,000 - $24,999.99.05%.05%
$25,000 - $49,999.99.05%.05%
$50,000 - $74,999.99.05%.05%
$75,000+.10%.10%

Business Money Market Accounts:

$50 - $9,999.99
with monthly service fee of $10
.05%.05%
$10,000 - $24,999.99.05%.05%
$25,000 - $49,999.99.05%.05%
$50,000 - $74,999.99.05%.05%
$75,000 +.10%.10%

Certificates of Deposit

Minimum to Open
& Earn APY

Interest Rate

Annual Percentage
Rate (APY)

3 Months $1,000.15%.15%
6 Months$1,000.20%.20%
9 Months$1,000.25%.25%
12 Months
$1,000.30%.30%Open Account Now
18 Months
$1,000.35%.35%Open Account Now
24 Months$1,000.45%.45%Open Account Now
36 Months$1,000.50%.50%
36 Month Home Buyer CD
$500.50%.50%
36 Month Education CD$500.50%.50%
48 Months
$1,000.60%.60%
60 Months
$1,000.65%.65%Open Account Now
1-1/2 Year IRA*$25.15%.15%
*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.

Funds Availability Policy Disclosure

Important Information About Procedures for Opening a New Account