"What exactly is CDARS?" you may ask.

CDARS, or Certificate of Deposit Account Registry Service SM, offers you a safe, convenient way to put your cash to work, while potentially benefiting from the protection of the FDIC on every dollar. Not only that, but your personal, financial information is protected.

Through CDARS, we can place large deposits into smaller-denomination CDs at multiple FDIC Insured institutions. This makes it possible to be insured for amounts larger than the normal FDIC limit of $100,000.

With CDARS, we can offer you significant benefits such as:

• The safety of FDIC insurance for large deposits
• CD interest
• Interest-payment flexibility
• Convenience of managing all of your CD investments together
• The security of working with people you know and trust right here at Milford Bank
• All account statements are sent to you by The Milford Bank

You must enter into a Deposit Placement Agreement, which contains important information and conditions regarding the placement of funds by us through CDARS. Please read the agreement carefully. CDARS and Certificate of Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.

For more information about CDARS, please call Ronald Silverberg at (203) 783-5765.

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33 Broad St., Milford
259 Merwin Ave., Woodmont
205 Bridgeport Ave., Devon
1455 Boston Post Road, Milford
2366 Main Street, Stratford
142 Temple Street, Suite 306 New Haven, CT 06510 (Loan Production Office)
203-783-5700
CT toll free: 800-340-4TMB

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