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Certificates of Deposit - CD's

In addition to Certificates of Deposits, we also offer regular savings and other investment opportunities. We also have Milford's Best Checking Account.

Certificate of Deposit

  • $1,000.00 minimum to open
  • $1,000.00 minimum daily balance to receive interest at disclosed Annual Percentage Yield (APY)

Notes:
No deposits before maturity. A penalty may be imposed for withdrawal of principle before maturity. Interest withdrawal only after credited to account.

Benefits:

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Floating Rate Certificate of Deposit

  • $25.00 minimum to open

Notes:
Withdrawal of principle before maturity only with approval. Interest withdrawal only after credited to account.
Penalty for withdrawal before maturity may apply:

  1. If account has an original maturity of one year or less = three months interest on amount withdrawn.
  2. If account has an original maturity of more than one year = six months interest on amount withdrawn.


Benefits:

  • Flexible maturities

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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

Copyright © 2002-2003 The Milford Bank. All rights reserved.