Local banks and credit unions are experiencing an increase in fraudulent activity. Some of their customers are receiving phony text messages and telephone calls claiming to be from their bank. Caller identification even appears as though it is from their institution’s phone number. Please note that the Bank of Millbrook will never ask for your personal or account information via a text message, telephone call, or email. Please contact us immediately at (845) 677-5321 if you are ever in doubt about a text message, telephone phone call, or email claiming to be from the Bank of Millbrook.

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CDs & IRAs

Bank of Millbrook CD & IRA Offerings

Secure your financial future

Through more than 100 years of growth and changes, one thing has remained constant:
friendly and professional service and a dedication to helping our community grow.

Certificate of Deposit

A certificate of deposit or CD is a time deposit. CDs are similar to savings accounts in that they are insured and thus virtually risk-free (CDs are insured by the FDIC). They are different from savings accounts in that the CD has a specific fixed term (three months, six months, or one year).

Individual Retirement Account

An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings. There are several different kinds including a Traditional and a Roth. To learn which is right for you, please call one of our specialists to assist you.

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