ConnectOne Bank

Overview / Commentary
301 Sylvan Avenue
Englewood Cliffs, NJ 07632

ConnectOne Bank is headquartered in Englewood Cliffs and is the 6th largest bank in the state of New Jersey. It is also the 174th largest bank in the nation. It was established in 2005 and as of June of 2022, it had grown to 505 employees at 23 locations. ConnectOne Bank's money market rates are 8X the national average, and it has an A health rating.

Related Posts

ConnectOne Bank Adds Competitive 10-Month CD - 12/22/2022

ConnectOne Bank has brought back its nationally available 10-month CD with a competitive rate. $500 minimum deposit /$1 million maximum deposit.

Connection Plus Savings Reaches As High As 4.00% APY ($250,000 +) - 12/2/2022

Connection Plus Savings $0.00 - $2,499.99 0.00% APY 0.00% $2,500.00 - $249,999.99 3.90%A PY 3.82% $250,000.00+ 4.00% APY 3.92%

ConnectOne Bank 13-Month and 23-Month CDs Are New Rate Leaders - 9/17/2022

ConnectOne Bank's nationally available 13- month and 23-month CDs are new rate leaders, following rate increases. $500 min deposit /$1 million max deposit.

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I'm Very Pleased With CONNECTONE.

Posted by: |

I opened two accounts (me and my wife) several months ago and have been very pleased with ConnectOne.

I've had absolutely no problems with opening accounts, funding the accounts, accessing funds, or managing my accounts.

And I think their Customer Service is EXEMPLARY.

I’ve had a couple of operational questions and: 1) I get a representative almost immediately and 2) that representative is polite, knowledgeable, professional, and genuinely helpful. They are just plain honest and will follow thru without question.

It’s almost like having a personal banker at the local office… maybe just more convenient.

Yes, they have a deposit limit of 250K (actually a max limit to earn interest), which could be a little inconvenient, but I think it represents just good banking (to minimize deposit base fluctuations). Fine in my book.

I wish them continued good going for the future.

Programmer Should Be Fired

Posted by: |

• When setting up log in, website requires password to include at least one special character, a list of acceptable special character is given. After typing in, website says certain special characters are not allowed, which were not used.
• After talking with two different CSRs, special characters cannot be used, period. Are you kidding me?
• Cannot log in after set up until following business day. Is that a joke?

Was Thinking About It, But....

Great current rate, but according to their webpage, if you decide to cash out a CD upon maturity, they send you a check in the mail. If you have another account with them, you can dump the principal into that account. Perhaps this is a common practice, but I'd rather not have any large checks floating around in any of the mail services. Would be nice if you could ACH it back to your original bank.

Demands Text Message Verification For Every Little Thing

I could not interact with this bank, over the phone or online, could not manage money, login or speak to anyone without being required to do text message verification every time. I asked their customer service what happens if one travels overseas where they won't have access to their US phone number and was told one would be out of luck. I said this wasn't possible and was told by the representative he would check more on that. After 30 minutes on hold he came back saying he couldn't find any info. I closed my newly opened account because of this. Do not want to be cut off from my money and I do not live glued to a phone. I do not want to use text messages for online or phone banking. These are excessive and para noid security measures, which I don't face with any other banks. This bank offered good rate on their savings account and I was able to open the account online, even though this required a lot of additional document uploading and a lot of back and forth over messages and over the phone with their manager and employees. After all that time had been wasted I had to move the money back out and close the account because every step requires text message verification, I don't need this. The bank needs to straighten out their policies, they're not usable by a normal adult person.



Health Grade Components

FDIC Certificate #57919
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.6%
Return on Equity - YTD11.94%
Annual Interest Income$164.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$8.84B$7.71B
LoansQ2 2022vs Q2 2021$7.20B$6.34B
DepositsQ2 2022vs Q2 2021$6.73B$6.22B
Equity CapitalQ2 2022vs Q2 2021$1.15B$1.05B
Loan Loss AllowanceQ2 2022vs Q2 2021$82.7MM$78.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$70.9MM$75.9MM
Real Estate OwnedQ2 2022vs Q2 2021$316.00K$0
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Always verify rates and promotions with the bank or credit union. We are not ConnectOne Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ConnectOne Bank Savings Account Rates

4.00%*$250k*-Connection Plus Savings - Online Only
OTHER TIERS: 3.90% $2.5k - $250k
0.05%--Statement Savings
0.05%--Business Savings

ConnectOne Bank Money Market Rates

3.50%*$25k*-Connect Money Market
OTHER TIERS: 3.40% Up to $25k
1.10%*$750k*-Business Impact Money Market
OTHER TIERS: 0.90% $2.5k - $50k | 1.00% $50k - $750k

ConnectOne Bank Checking Account Rates

0.05%$1k-Consumer Interest Checking
0.05%$1k-Business Interest Checking

ConnectOne Bank CD Rates

4.90%$500-10 Month CD
4.50%$500-13 Month CD
4.50%$500-Business 13 Month CD
3.80%$500-Business 7 Month CD
3.60%$500-18 Month CD
3.60%$500-Business 18 Month CD
3.60%$500-23 Month CD
3.60%$500-Business 23 Month CD
2.45%$500-Business 58 Month CD
2.35%$500-Business 46 Month CD
2.25%$500-Business 34 Month CD
0.50%$500-Business 24 Month CD
0.50%$500-Business 36 Month CD
0.50%$500-Business 48 Month CD
0.50%$500-Business 60 Month CD
0.25%$500-6 Month CD
0.25%$500-Business 90 Day CD
0.25%$500-Business 179 Day CD
0.25%$500-Business 6 Month CD
0.25%$500-Business 12 Month CD

ConnectOne Bank IRA Rates

4.90%$500-10 Month IRA
4.50%$500-13 Month IRA
3.60%$500-18 Month IRA
3.60%$500-23 Month IRA
0.25%$500-6 Month IRA


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