Bank · FDIC insured
The Milford Bank Savings Rates
The Milford Bank’s best savings rate is 0.05% APY on $10,000, with its Sound Money Market Fund. Rates checked October 22, 2026.
How The Milford Bank’s savings rates compare
Compared with banks and credit unions near New Haven, CT, where The Milford Bank has the most branches. $10,000, best rate first.
This bank’s best
The Milford Bank
0.05%APY
- Requires
- None
- Minimum
- $25
- Earns on $10,000 a year
- $5
Statement Savings
Top rate
Nutmeg State Financial Credit Union
4.00%APY
- Requires
- Another account
- Minimum
- $2,500
- Earns on $10,000 a year
- $400
2nd-highest rate
Patriot Bank
3.50%APY
- Requires
- Another account
- Minimum
- —
- Earns on $10,000 a year
- $350
The Milford Bank savings score
61
Savings score
Higher than 3% of U.S. banks and credit unions
- $1,000 balance$1,0000.02%
- $10,000 balance$10,0000.05%
- $100,000 balance$100,0000.15%
- QualifiedQualified0.05%
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 The Milford Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Sound Money Market Fund
0.05%APY
Minimum balance of $1,000.00 must be maintained or a service charge is imposed. Interest is compounded and credited monthly. Limited check writing.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $4,999Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.02% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $5,000 – $10,000Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.03% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $10,000 – $25,000Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.05% | $5 | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $25,000 – $50,000Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.05% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $50,000 – $100,000Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.05% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $100,000 – $249,999Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.10% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
| $250,000 and upInterest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. | 0.10% | — | Interest is compounded and credited monthly. Daily balance requirement to avoid fees is $1,000.00. |
Sources (1)
- milford.bank/cd-savings-rates-milford-bank · captured Sep 19, 2026
Special-purpose accounts
Passbook Centsible Kids Account
0.15%APY
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $5 and up | 0.15% | $15 |
Sources (1)
- milford.bank/cd-savings-rates-milford-bank · captured Sep 19, 2026
Statement Savings
0.05%APY
Minimum balance must be maintained or a service charge of $2.00 per statement cycle applies (unless under 18 years of age). Interest is compounded and credited monthly.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $5,000Tiers are $5.00-$4,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). | 0.01% | — | Tiers are $5.00-$4,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). |
| $5,000 – $50,000Tiers are $5,000.00-$49,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). | 0.05% | $5 | Tiers are $5,000.00-$49,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). |
| $50,000 – $100,000Tiers are $50,000.00-$99,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). | 0.10% | — | Tiers are $50,000.00-$99,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). |
| $100,000 – $250,000Tiers are $100,000.00-$249,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). | 0.15% | — | Tiers are $100,000.00-$249,999.99. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). |
| $250,000 and upTiers are $250,000.00>. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). | 0.15% | — | Tiers are $250,000.00>. $100.00 daily balance requirement to avoid fees; $2.00 fee per statement cycle applies if balance falls below $100.00 (unless under 18 years of age). |
Sources (2)
All captured Sep 19, 2026
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.