Deposit Rates

 

Yield is accurate as of 12/14/2018
Savings Accounts*
DescriptionMinimum to Open
& Earn APY
Interest RateAnnual
Percentage
Yield (APY)
Regular Passbook$50.10%.10%
Statement Savings$50
Minimum to avoid monthly service charge $100
.10%.10%

 

Money Market Accounts*
Minimum to open $50.
Minimum to avoid monthly service charge $2,500.00.
Interest RateAnnual
Percentage
Yield (APY)
Balance to Earn Stated 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**
Balance to Earn Stated APYMinimum to Open
& Earn APY
Interest RateAnnual Percentage
Rate (APY)
3 Month Certificate$1,000.15%.15%
6 Month Certificate$1,000.30%.30%
9 Month Certificate -Special$1,0002.08%2.10%
1 Year Certificate$1,0002.23%2.25%
15 Month Certificate -Special$1,0001.98%2.00%
1-1/2 Year Certificate
$1,0001.00%1.00%
2 Year Certificate$1,0002.37%2.40%
3 Year Certificate$1,0002.42%2.45%
3 Year Certificate
Home Buyers CD
$5002.23%2.25%
3 Year Certificate
Education CD
$5002.23%2.25%
4 Year Certificate
$1,0002.47%2.50%
5 Year Certificate
$1,0002.47%2.50%
1-1/2 Year IRA*$25.30%.30%

**EZ Checking/EZ Checking Plus customers receive 5 basis points bonus with $10,000 on deposit
at Milford  Federal. “Special Rate” CD excluded. 

 

Rates are subject to change at any time and without notice. Deposits are accepted from residents of Massachusetts, Rhode Island, and Windham County Connecticut only. A Schedule of Fees and Service Charges is available on our website under Personal Banking. 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.

*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.

For more information, please call
508-634-2500 or 800-478-6990.

 

 

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