All offices and departments of The Milford Bank will be closed on Wednesday, June 19th to celebrate Juneteenth. Electronic Services such as ATMs, online and mobile banking are available 24/7 for your convenience. / Attention— Customers have been getting calls from a scammer pretending to be from Milford Bank fraud and security. The phone number that appears on Caller ID is 315-227-4847. The scammer asks for the customer’s user ID and password, which they use to access the customer’s account. Please note that we NEVER ask customers their passwords. When in doubt, the best course of action is to hang up with the call and contact the Bank at 203-783-5700.

Schedule of Interest for Deposit Accounts

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Schedule of Interest for Deposit Accounts

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June 18, 2024

All rates below are subject to change on a daily basis.

Interest RateAnnual Percentage YieldMinimum to Obtain APYDaily Balance Requirement To Avoid FeesTermsMinimum to Open
Prestige Checking0.02%0.02%$5.00$10,000.00Minimum combined balance must be maintained or a service charge is imposed. Interest is compounded and credited monthly.$25.00
Super NOW "Blue Ribbon" Account - No longer offered 10/31/130.02%0.02%$5.00$5,000.00Minimum combined balance must be maintained or a service charge is imposed.  Interest is compounded and credited monthly.No longer offered 10/31/13
Sound Money Market Fund$1,000.00Minimum balance of $1,000.00 must be maintained or a service charge is imposed.  Interest is compounded and credited monthly.  This account offers limited check writing.$1,000.00
Tiers are:0.02%0.02%$5.00-$4,999.00
0.03%0.03% $5,000.00-$9,999.99
0.05%0.05%$10,000.00-$24,999.99
0.05%0.05%$25,000.00-$49,999.99
0.05%0.05%$50,000.00-$99,999.99
0.10%0.10%  $100,000.00-$249,999
0.10%0.10%$250,000.00>
Passbook Centsible Kids Account0.15%0.15%$5.00
Regular Savings (Statement )$100.00Minimum balance must be maintained or a service charge is imposed.  Interest is compounded and credited monthly.$25.00
Tiers are:0.01%0.01%$5.00-$4,999.99
0.05%0.05% $5,000.00-$49,999.99
0.10%0.10%$50,000.00-$99,999.99
0.15%0.15%$100,000.00-$249,999.99
0.15%0.15%$250,000.00>
**91 Day Certificate0.05%0.05%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**6 Month Certificate0.05%0.05%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**1 Year Certificate0.10%0.10%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**18 Month Certificate0.10%0.10%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**2 Year Certificate0.15%0.15%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**3 Year Certificate0.25%0.25%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**4 Year Certificate0.30%0.30%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**5 Year Certificate0.35%0.35%$1,000.00$1,000.00Fixed rate for the term of the deposit.  Interest is compounded and credited monthly.$1,000.00
**1 Year or Longer Floating IRA0.20%0.20%$25.00$25.00Variable interest rate.  Interest is compounded and paid monthly.  Deposits are accepted without extending the maturity date of the CD.$25.00
** 30 Month CD
*** (PRESTIGE ONLY)
0.25%0.25%$1,000.00$1,000.00Fixed rate for the term of the deposit. Interest is compounded and credited monthly.$1,000.00
IORETA/IOLTA (Interest Bearing Checking)0.05%0.05%$5.00$500.00Minimum balance must be maintained or a service charge is imposed. Interest is compounded and credited monthly.N/A

To determine current rates, please call us at 203-783-5700 during business hours or call our 24 hour automated telephone system at 1-800-340-4862.

Annual Percentage Yields are realized when a principal deposit and all interest earned is left on deposit for one year.

Combined balance considers all deposit relationships including savings, CDs, IRAs, MMDAs and DDAs.

Fees could reduce earnings on the account.

**Early withdrawal penalties may be imposed.

***Rolls to a 2 Year CD at maturity

With fixed-rate term accounts, rates are guaranteed for the length of the term. Rates on other accounts may change after the account is opened and are subject to change without notice. Please contact The Milford Bank for further terms and conditions.

    

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