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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

It has come to our attention that some customers have received phishing phone calls claiming to be from “The Milford Bank Security Department.” Please remember: The Milford Bank will never ask you to share personal or confidential information. If something feels off, hang up and call us directly at (203) 783 5700.