Just a Local Bank? Think Again. With The Milford Bank, You Can Enjoy Free ATM Withdrawals at 55,000 ATMs Across the Globe!

By Cortney Meng You might think that when you open a savings account or a checking account at The Milford Bank, you’ll have to do all of your banking—including free ATM transactions—within the limits of Milford and Stratford. Not so! While it may be true that our seven branch locations are contained within those two […]

Survey Shows More Customers Opting to Bank at Branches and on Mobile Devices in 2014

by Celeste Lohrenz How do you prefer to do your banking? According to a recent survey by the American Bankers Association, most Americans (31 percent) prefer to do their banking online. Surprisingly, that represents an 8 percent decrease from 2013. Additionally, this year, more customers prefer doing their banking at a branch (21 percent) than […]

What Do You Know About Defunct U.S. Currencies? – Part Two

By Pam Reiss Earlier this year, we published a popular blog post that explored some of the older United States currencies that are no longer in circulation. Fresh off the success of that piece, we decided it made sense to similarly explore some of the coin-related numismatic history of our country. Believe it or not, […]

Meet Teller Lisa Richetelli (if You Haven’t Already)

By Jorge Santiago “I go out of my way to take care of who’s in front of me. I love all of our customers.” So says teller Lisa Richetelli, a familiar face at our Broad Street branch for the last 14 years. While many of our customers certainly know Lisa, some might not know that […]

You Love Local Businesses. We’ll Help You Love Them More!

By Lynn Viesti Berube The whole community benefits when you spend your money locally. We at The Milford Bank understand that perfectly, which is why we’re pleased to work with our business customers to make special offers available from them to the rest of our customers. We started this program several years ago with coupons accessible on our […]

School Is Back in Session, So It’s Time to Get Involved With Cent$ible Kid$

by Jorge Santiago It’s never too early to teach your kids the importance of saving their money. But, in fact, many children get to high school lacking the financial acumen necessary to navigate the next chapters in their lives. Understanding this, The Milford Bank launched the Cent$ible Kid$ program in 2008. We envisioned that the […]

School Is Almost Back in Session, So It’s Time to Get Involved With Cent$ible Kid$

By Jorge Santiago It’s never too early to teach your kids the importance of saving their money. But, in fact, many children get to high school lacking the financial knowledge necessary to navigate the next chapters in their lives. Understanding this, The Milford Bank launched its Cent$ible Kid$ program in 2008. We envisioned that the […]

What’s the Difference between a Debit Card, a Credit Card and an ATM Card?

By Pam Reiss How big is your wallet? It might be quite large due to the amount of plastic it holds. Believe it or not, 78 percent of Americans carry $50 of cash or less on them at any given time. That’s because these days, virtually anything can be purchased with credit cards or debit […]

What is the difference between the mortgage rate and APR?

By Paul Mulligan You are eyeing a 15-year fixed mortgage rate of 3.125 percent. But next to the mortgage rate there is another number that says 3.17 percent annual percentage rate (APR). So what’s the difference between the two numbers, and how does it affect you? Your mortgage rate is the baseline interest that you […]

Protecting your finances following divorce

By Celeste Lohrenz Separating from a spouse is not an easy time. Still, important decisions need to be made related to your finances. Following a separation, you should figure out how to live on your own income. You also should learn about what is going to become of your retirement assets, what Social Security benefits […]