MonitorBankRates
iAdvertiser Disclosure
Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
Connecticut Savings Rate Trends

Milford, Connecticut (CT) Savings Rates - March 2026

The best savings rates for Milford, Connecticut and the surrounding area include General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit Union265 Sub Way, Milford, CT 06461 3048A5.0 ★Texas Ratio: 8.21% Jump Start Savings at 5.00% APY, Nutmeg State Financial Credit UnionNutmeg State Financial Credit Union977 Boston Post Rd, Milford, CT 06460 3531A+5.0 ★Texas Ratio: 5.50% High-Yield Savings Account (HYSA) at 3.00% APY, Patriot Bank N.A.Patriot Bank N.A.771 Boston Post Rd, Milford, CT 06460F2.4 ★Texas Ratio: 45.79% Premium Municipal Savings at 2.50% APY, Sikorsky Credit UnionSikorsky Credit Union15 Turnpike Sq, Milford, CT 06460 2758A+5.0 ★Texas Ratio: 1.11% Health Savings Accounts (HSA) at 2.00% APY, and Wells FargoWells Fargo224 Broad St, Milford, PA 18337A5.0 ★Texas Ratio: 7.44% Retirement High Yield Savings at 0.05% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Milford, Connecticut, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Milford, Connecticut (CT) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Milford, Connecticut and the surrounding area. Last Updated and Verified: March 27, 2026

Compare the Best Savings Rates in Milford, Connecticut & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Jump Start Savings
5.00%
$0
Rate5.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Qualifying balance up to $1,000.00

Nutmeg State Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.50%
977 Boston Post Rd, Milford, CT 06460 3531
High-Yield Savings Account (HYSA)
3.00%
$0
Rate3.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Municipal Savings
2.50%
$0
Rate2.44%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Business Savings
2.50%
$0
Rate2.44%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
Health Savings Accounts (HSA)
2.00%
$5
Rate1.98%
Min Deposit$5
Min Balance
UpdatedMar 21, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Youth Savings
2.00%
$0
Rate1.95%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Star Savings
1.50%
$0
Rate1.47%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Nonprofit Savings
1.00%
$0
Rate0.98%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Rent Security Savings
0.53%
$0
Rate0.52%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Nonprofit Savings
0.50%
$0
Rate0.49%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Municipal Savings
0.50%
$0
Rate0.49%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Star Savings
0.50%
$0
Rate0.49%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Nutmeg State Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.50%
977 Boston Post Rd, Milford, CT 06460 3531
High-Yield Savings Account (HYSA)
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Premium Business Savings
0.50%
$0
Rate0.49%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
Special Savings Account
0.20%
$5
Rate0.20%
Min Deposit$5
Min Balance
UpdatedMar 21, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
Member Savings Account
0.20%
$5
Rate0.20%
Min Deposit$5
Min Balance
UpdatedMar 21, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
IRA Savings Account
0.20%
$5
Rate0.20%
Min Deposit$5
Min Balance
UpdatedMar 21, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
Coverdell Education Savings Account
0.20%
$5
Rate0.20%
Min Deposit$5
Min Balance
UpdatedMar 21, 2026
Details

Sikorsky Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.11%
15 Turnpike Sq, Milford, CT 06460 2758
Business Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Municipal at Work Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Bank at Work Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Nonprofit at Work Savings
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Coverdell (Education) Savings
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
IRA Savings*
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
IRA Savings
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Roth IRA Savings
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Roth IRA Savings*
0.15%
$0
Rate0.15%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Regular Shares
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

General Electric Employees Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 8.21%
265 Sub Way, Milford, CT 06461 3048
Secondary Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Nutmeg State Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.50%
977 Boston Post Rd, Milford, CT 06460 3531
Regular Share
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Nonprofit at Work Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Municipal at Work Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Bank at Work Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
224 Broad St, Milford, PA 18337
Retirement High Yield Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
224 Broad St, Milford, PA 18337
Platinum Savings
0.05%
$25
Rate0.05%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
224 Broad St, Milford, PA 18337
Platinum Savings
0.02%
$25
Rate0.02%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Savings
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
224 Broad St, Milford, PA 18337
Platinum Savings
0.01%
$25
Rate0.01%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Health Savings Account
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Patriot Bank N.A.
Institution Rating:
F2.4 ★Texas Ratio: 45.79%
771 Boston Post Rd, Milford, CT 06460
Business Savings
0.01%
$0
Rate0.01%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
224 Broad St, Milford, PA 18337
Way2Save® Savings
0.01%
$25
Rate0.01%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

$25 minimum opening deposit

Nutmeg State Financial Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.50%
977 Boston Post Rd, Milford, CT 06460 3531
High-Yield Savings Account (HYSA)
0.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Windsor Federal S&L
Institution Rating:
A5.0 ★Texas Ratio: 9.09%
270 Broad St, Windsor, CT 06095
Student Savings Account
5.12%
$10
Rate5.00%
Min Deposit$10
Min Balance
UpdatedMar 24, 2026
Details

Newtown Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.92%
39 Main St, Newtown, CT 06470
Great Start Savings - Based on Daily Balance
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Qualifying balance up to $1,000.00

Newtown Savings Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.92%
39 Main St, Newtown, CT 06470
Great Start Savings
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Qualifying balance up to $1,000.00

Waterbury Connecticut Teachers Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.93%
773 Straits Tpke, Middlebury, CT 06762 2852
Head Start Savings
4.60%
$0
Rate4.50%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Qualifying balance up to $1000.00

First Bristol Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.96%
25 North St, Bristol, CT 06010
High-Yield Savings
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Boost Your Rate 1.00% with Round-Up Checking

Cencap Federal Credit Union
Institution Rating:
F1.7 ★Texas Ratio: 54.83%
443 FRANKLIN AVE, HARTFORD, CT 06114
IRA & HSA Savings
3.82%
$0
Rate3.75%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Corporate America Family Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.64%
501 Middle St, Bristol, CT 06010 7438
Business Prosperity Savings
3.75%
$1,000
Rate0.00%
Min Deposit$1,000
Min Balance
UpdatedMar 25, 2026
Details

Intro rate subject to change

BrioDirect
Institution Rating:
A+5.0 ★
CT
High-Yield Savings
3.75%
$5,000
Rate0.00%
Min Deposit$5,000
Min Balance
UpdatedMar 25, 2026
Details

Rate is subject to certain terms and conditions. You must deposit at least $5,000 to open your account and maintain $25 to earn the disclosed APY. Rate and APY may change at any time. Fees may reduce earnings.

Liberty Bank Middletown, CT
Institution Rating:
A+5.0 ★Texas Ratio: 5.26%
245 Long Hill Rd, Middletown, CT 06457
Relationship High Yield Savings
3.60%
$0
Rate3.54%
Min Deposit$0
Min Balance
UpdatedMar 27, 2026
Details

bump up for PayBackSM or Quarter Back® customers

Mutual Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.25%
1000 Bridgeport Ave Ste 503, SHELTON, CT 06484 4602
Progressive Savings | Tier 1
3.54%
$0
Rate3.48%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Connex Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.01%
PO Box 477, North Haven, CT 06473 0477
PathwaysTM Savings Account
3.50%
$0
Rate3.44%
Min Deposit$0
Min Balance
UpdatedMar 13, 2026
Details

Qualifying balance up to $1,000.00

Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
Performance Savings
3.25%
$5
Rate3.20%
Min Deposit$5
Min Balance
UpdatedMar 24, 2026
Details

Qualifications Required

Charter Oak Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
32 Chicago Ave, Groton, CT 06340
Bright Future Savings
3.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 16, 2026
Details

Qualifying balance up to $2,000.00

Scient Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
60 Colver Ave, Groton, CT 06340 3808
MySci Savings
3.00%
$25
Rate2.96%
Min Deposit$25
Min Balance
UpdatedMar 21, 2026
Details

Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
SmartStart Savings
2.75%
$5
Rate2.71%
Min Deposit$5
Min Balance
UpdatedMar 24, 2026
Details

Qualifying balance up to $10,000.00

Affinity Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.16%
55 Whitney Ave, New Haven, CT 06510
High Yield Savings
2.65%
$5
Rate2.62%
Min Deposit$5
Min Balance
UpdatedMar 24, 2026
Details

SUMA Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 12.20%
39 Clovelly Rd, Stamford, CT 06902
IRA shares
2.53%
$0
Rate2.50%
Min Deposit$0
Min Balance
UpdatedMar 15, 2026
Details

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.

Milford, CT Savings Rate Trends

Compare local Milford, CT savings rate quotes against the statewide average

Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Connecticut Savings Trends →
High-Yield Savings — CT Avg
1.560%
▲ 1.219 from last week

Connecticut high-yield savings rates rose 1.219 points this week to 1.560% APY, up from 0.341% last week.

Standard Savings — CT Avg
0.474%
▼ 0.217 from last week

Connecticut standard savings rates fell 0.217 points this week to 0.474% APY, down from 0.691% last week.

As of Mar 27, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Milford, Connecticut directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.

Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Milford, Connecticut. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in CT.

Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.

Frequently Asked Questions about Savings Accounts in Milford, Connecticut

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Connecticut, help your money grow faster through a higher APY.

Are savings accounts in Milford, Connecticut safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Connecticut up to $250,000 per depositor, per institution.

How often do savings rates change in Milford, Connecticut?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Connecticut rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Milford, Connecticut may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Milford, Connecticut?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Milford, Connecticut offer in-person customer service, which some customers prefer.

How do I open a savings account in Milford, Connecticut?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Milford, Connecticut

Here are recent savings rates observed in Milford, Connecticut and the surrounding area:
  • General Electric Employees Federal Credit Union
    Jump Start Savings — 5.00% APY
  • Nutmeg State Financial Credit Union
    High-Yield Savings Account (HYSA) — 3.00% APY
  • Patriot Bank N.A.
    Premium Municipal Savings — 2.50% APY
  • Sikorsky Credit Union
    Health Savings Accounts (HSA) — 2.00% APY
  • Wells Fargo
    Retirement High Yield Savings — 0.05% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Milford, Connecticut. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 27, 2026