Overview / Commentary
201-816-8900
301 Sylvan Avenue
Englewood Cliffs, NJ 07632

ConnectOne Bank is headquartered in Englewood Cliffs and is the 8th largest bank in the state of New Jersey. It is also the 212th largest bank in the nation. It was established in 2005 and as of September of 2018, it had grown to 308 employees at 22 locations. ConnectOne Bank's savings rates are 4X the national average, and it has an A health rating.

Related Posts

ConnectOne Bank Adds 23-Month Online CD - 9/26/2018

ConnectOne Bank has added a nationally available 23-month Online CD earning 3.00% APY. Minimum deposit is $500 and is capped at $1 million. Also as an IRA.

ConnectOne Bank Adds Nationally Available 15-month CD - 8/9/2018

ConnectOne Bank has added a nationally available 15-month CD (2.63% APY). Minimum deposit is $500, with no stated balance cap. Also available as an IRA.

ConnectOne Bank Adds Nationally Available 10-Month CD - 3/26/2018

ConnectOne Bank has added a nationally available 10-month Personal CD, earning 2.17% APY. Minimum deposit is $500, with no stated balance cap.

View all posts from:


Reviews (5)

Great Rates, Excellence Customer Service, Easy Enrollment

Posted by: premmer | Dec 5, 2018

I just opened a 23-month CD at a very competitive rate. The on-line process was very straight forward to use and the CSRs were excellent. The bank provides an ACH transfer option to fund the account. Be aware the APY assumes interest accrues until maturity, no periodic interest withdrawals are permitted. On-line account access is available. POD beneficiary designation must be done by using the bank internal messaging feature via on-line access. The entire enrollment process, less the ACH funds transfer, was completed in less than 24 hours.

Good Place To Open A CD.

Posted by: jokarmi | Aug 16, 2016

I opened a CD at a ConnectOne Branch and had a very favorable experience. Highest rates around for my needs. I recommend it.

A Bit Of A Hassle

Posted by: exit8 | Oct 31, 2017

I opened a 2-year CD because of their good rates. They are local which is a plus.

I received a call to verify me.

This after I had been "verified" with 2 small deposits/withdrawals to my checking account.

Not ready for the big time.

Odd Verification Procedures

Note: also read post by pua
I opened a CD online and initially found the process very efficient; normal test deposit routine with ACH funding account also went smoothly.
Oddly, about nine days after my CD was confirmed, I received an email apparently from ConnectOne indicating thatI should call "Client Connection Center at 1-844-266-2548 so we can complete the process This is not the phone number on their website, so with all the internet fraud going on, it was with some trepidation that I called. They wanted me to state/confirm that 1) I was not an employee or director 2) I was not an elected government official.
When I asked why such was not dealt with in the application process, they stated it was a legal requirement and needed to be voice verified on a recorded line? It appears that this is a state chartered bank. A NJ requirement? I have never been subjected to this at any other internet bank.
Just irritating, not a deal breaker.
Also, note other informatoin on this page -not all CDs are available to residents outside NJ, along with comments that pua found about other accounts not being available.
Update to above review:
OUTDATED PROCEDURES
I inquired about how proceeds of a CD would be paid out upon maturity, assuming not wishing to renew. Here is the response:
"Once we are notified that you no longer wish to renew your CD, we will send you a check by mail. We currently do not have the option of sending the CD funds through ACH."
Furthermore, these folks did not respond to my first inquiry, using their message feature on their online banking site. All in, it took about two weeks to get an answer.

Not Practical For People Outside NY/NJ

Posted by: pua | Nov 21, 2017

On Nov 21, 2017 I phoned for information and discovered this bank is NOT a good idea for anyone living outside NY/NJ. I wanted to open a 2-year CD. They can do it by ACH using trial deposits to establish the connection; BUT: You cannot have any savings, money market, or checking account at this bank unless you live in NY/NJ; the bank never pays monthly CD interest to any outside bank (interest must be left to accumulate in the CD); at the end they will send back the principal only by paper check. None of these facts could be found on their website -- it required a phone call to find out.



Health

Health Grade Components

Overall
FDIC Certificate #57919
Year Established2005
Employees308
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD9.42%
Annual Interest Income$158.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$5.37B$4.84B
LoansQ3 2018vs Q3 2017$4.43B$3.95B
DepositsQ3 2018vs Q3 2017$4.01B$3.63B
Equity CapitalQ3 2018vs Q3 2017$675.3MM$607.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$34.7MM$29.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$54.7MM$65.4MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.82%*$2.5k*$250kOneConnection Savings - Online
OTHER TIERS: 0.30% $250k+
0.15%--Statement Savings

ConnectOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$2.5k*$750kImpact Money Market
OTHER TIERS: 0.00% Up to $2.5k | 0.30% $750k+
0.25%*$2.5k*-Money Market
OTHER TIERS: 0.00% Up to $1k | 0.20% $1k - $2.5k

ConnectOne Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$1k*-Consumer Interest Checking
OTHER TIERS: 0.00% Up to $1k

ConnectOne Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%$500-23 Month Online CD
2.94%$500-48 Month Personal CD
2.76%$500-17 Month Personal CD
2.63%$500-60 Month Personal CD
2.63%$500-14 Month Online CD
2.28%$500-36 Month Personal CD
2.12%$500-24 Month Personal CD
2.02%$500-18 Month Personal CD
1.41%$500-12 Month Personal CD
1.01%$500-6 Month Personal CD
0.35%$500-179 Day Personal CD
0.25%$500-90 Day Personal CD

ConnectOne Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.94%$500-48 Month Personal IRA
2.76%$500-17 Month Personal IRA
2.63%$500-60 Month Personal IRA
2.28%$500-36 Month Personal IRA
2.12%$500-24 Month Personal IRA
2.02%$500-18 Month Personal IRA
1.41%$500-12 Month Personal IRA
1.01%$500-6 Month Personal IRA
0.35%$500-179 Day Personal IRA
0.25%$500-90 Day Personal IRA
Locations

Availability

New York Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.