Bank · FDIC insured
Milford Federal CD Rates
Milford Federal’s best CD rate is 4.30% APY on a 5-month CD. Terms run from 3 months to 5 years. Rates checked October 15, 2026.
How Milford Federal’s CD rates compare
Compared with banks and credit unions near Worcester, MA, where Milford Federal has the most branches. $10,000, best rate first.
This bank’s best
Milford Federal
4.30%APY
- Term
- 5 months
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000
- $177
Certificates of Deposit
Top rate
Hanscom Federal Credit Union
4.50%APY
- Term
- 12 months
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000
- $450
2nd-highest rate
Central One Federal Credit Union
4.45%APY
- Term
- 15 months
- Requires
- Another account
- Minimum
- $10,000
- Earns on $10,000
- $559
Milford Federal CD score
89
CD score
Higher than 90% of U.S. banks and credit unions
- 3–8 months3–8 mo4.30%
- 9–15 months9–15 mo3.25%
- 16–30 months16–30 mo4.30%
- 31–60 months31–60 mo3.45%
- QualifiedQualified4.30%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Milford Federal ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificates of Deposit
Up to 4.30%APY · 12 terms
Penalty for early withdrawal. Interest is compounded monthly. Deposits are accepted from residents of Massachusetts, Rhode Island and Windham County Connecticut only. All accounts are subject to approval.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 months | 0.10% | $2 |
| 5 months | 4.30% | $177 |
| 6 months | 3.25% | $161 |
| 7 months | 0.10% | $6 |
| 8 months | 4.10% | $271 |
| 9 months | 3.25% | $243 |
| 12 months | 3.25% | $325 |
| 18 months | 4.30% | $652 |
| 24 months | 3.25% | $661 |
| 36 months | 3.25% | $1,007 |
| 48 months | 3.35% | $1,409 |
| 60 months | 3.45% | $1,848 |
One more rate on its site comes from an older rate sheet (2023) and isn’t shown as current.
36 Month Education CD
2.02%APY · 1 term
Allows deposits at any time with a minimum of $25. No penalties for early withdrawal with receipt showing educational expense. Deposits accepted from residents of MA, RI, and Windham County CT only.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 36 monthsDeposits of minimum $25 allowed at any time. No penalty for early withdrawal with receipt showing educational expense | 2.02% | $618 |
36 Month Home Buyer CD
2.02%APY · 1 term
Allows deposits at any time with a minimum of $25. No penalties for early withdrawal if buying a home. Special discounts available on closing costs for mortgages processed through Milford Federal. Deposits accepted from residents of MA, RI, and Windham County CT only.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 36 monthsDeposits of minimum $25 allowed at any time. No penalty for early withdrawal if buying a home | 2.02% | $618 |
Special-purpose accounts
IRA Certificates of Deposit
Up to 4.30%APY · 10 terms
All CD types (except Education and Home Buyer's) are available for IRA accounts. Penalty for early withdrawal. Interest is compounded monthly. Deposits are accepted from residents of Massachusetts, Rhode Island and Windham County Connecticut only.
| Term | APY · $25 and up | APY · $1,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|
| 3 months | — | 0.10% | 0.10% | $2 |
| 5 months | — | 4.30% | 4.30% | $177 |
| 6 months | — | 3.25% | 3.25% | $161 |
| 9 months | — | 3.25% | 3.25% | $243 |
| 12 months | — | 3.25% | 3.25% | $325 |
| 18 months | — | 4.30% | 4.30% | $652 |
| 18 monthsRate may change after account is opened. 1-1/2 Year IRA CD | 0.10% | — | 0.10% | $15 |
| 24 months | — | 3.25% | 3.25% | $661 |
| 36 months | — | 3.25% | 3.25% | $1,007 |
| 48 months | — | 3.35% | 3.35% | $1,409 |
| 60 months | — | 3.45% | 3.45% | $1,848 |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.