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IOLTA Accounts

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Interest on Lawyers Trust Accounts

The Milford Bank offers interest-only legal trust accounts to attorneys and others with fiduciary responsibility over client funds. The accounts earn competitive interest that is compounded daily, credited monthly, and paid to the Connecticut bar foundation.

To simplify record keeping, the monthly interest earned is used to pay any monthly account maintenance charges and any excess interest earnings are paid to the state bar foundation.

For more information, stop by any office of The Milford Bank.

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we do business loans

You can call The Milford Bank
toll free in Connecticut by dialing 1-800-340-4TMB (800-340-4862) or (203) 783-5700.

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MESSAGE FROM TMB

We have been made aware of fraudulent phone calls appearing to come from a spoofed TMB phone number. These callers are falsely claiming to represent The Milford Bank’s Fraud Department in an attempt to obtain personal and account information.

Please remember: Milford Bank will never call and ask you to provide account numbers, online banking credentials, passwords, PINs, security codes, or other sensitive information over the phone.

If you receive a suspicious call claiming to be from The Milford Bank, do not provide any information and contact us directly at 203-783-5700.

We remain committed to protecting our customers and appreciate your vigilance.