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 and EZ Checking  featuring GenGold customers who maintain a combined deposit balance of $10,000 or more will be offered a CD bonus of 5 basis points. Speical rate CD’s excluded from the bonus.


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 for the home of your dreams faster than ever. With a Home Buyer’s CD, available exclusively at Milford Federal, your savings for a down payment will earn a high guaranteed rate.

Some of the features of our Home Buyers Certificate:

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

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