ConnectOne Bank


Overview / Commentary
844-266-2548
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 184th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 420 employees at 28 locations. ConnectOne Bank's savings rates are 25% higher than the national average, and it has an A health rating.

Related Posts

Connectone 1.75% Savings Drops To 1.50% APY - 4/21/2020

Amazing get a free write up then drop the rates like a rock 4 days later. https://www.depositaccounts.com/banks/connectone-bank/offers/

ConnectOne Bank Online Savings Account - One of the Few at the Top - 4/17/2020

In 2018, ConnectOne came out with the online savings account called OneConnection Savings. Its 1.75% APY is now a top rate for online savings accounts.

ConnectOneBank (NJ) 1.75% APY Online Savings Acct - 4/17/2020

Add yet another bank to the lengthy list of nationally available 1.75% online savings accts. ConnectOne pays 1.75% on balances of $2,500 - $250,000. balances above $250k pay 0.30% balances below $2,500 pay 0% https://www.connectonebank.com/Personal/Accounts/One-Connection-Savings

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They Have Gone The Extra Mile For Me

Posted by: |

Read the other reviews... I'm a small business customer and these guys have gone the extra mile for me a number of times. Have not bought a CD from them but they helped me get my PPP and SBA monies. I hate writing reviews but these guys don't deserve to be slammed regarding business checking.

A Bit Of A Hassle

Posted by: |

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.

Not Practical For People Outside NY/NJ

Posted by: |

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.

3K Daily Limit On Outgoing Transfers

Posted by: |

The Fed recently announced they will be holding rates near zero until 2023. This is another punch in the stomach for savers and investors who are seeking a good place to park their cash until stock market buying opportunities appear. Before opening a new account, be sure to ask questions typically not answered on websites. 1. Is your interest rate compounded daily and paid monthly? (Some might be daily but only paid annually) 2. What is your current saving APR? (Rates frequently are revised and may not be updated on the Web) 3. What is your maximum incoming and outgoing transfer limits? (Some institutions hold onto your money and won't let go or have restrictions). All the above questions were asked on 03-17-2021. One huge drawback for investors is a 3K daily limitation on outgoing transfers. This is just not practical when a stock or ETF goes down in price and becomes a buying opportunity. Three thousand dollars to purchase stocks/bonds/mutual funds is just a drop in the bucket. Therefore, be sure your institution places no restriction on the amount your can transfer out.

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Health

Health Grade Components

Overall
FDIC Certificate #57919
Year Established2005
Employees420
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD8.43%
Annual Interest Income$308.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$7.50B$6.17B
LoansQ4 2020vs Q4 2019$6.16B$5.11B
DepositsQ4 2020vs Q4 2019$5.99B$4.79B
Equity CapitalQ4 2020vs Q4 2019$1.00B$810.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$79.2MM$38.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$74.5MM$52.6MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$2.5k*$250kOneConnection Savings - Online
OTHER TIERS: 0.30% $250k+
0.05%--Statement Savings
0.05%--Business Savings

ConnectOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$750k*-Impact Money Market
OTHER TIERS: 0.25% $2.5k - $750k
0.35%*$750k*-Business Impact Money Market
OTHER TIERS: 0.25% $2.5k - $750k
0.25%*$2.5k*-Money Market
OTHER TIERS: 0.05% $1k - $2.5k
0.25%*$2.5k*-Business Money Market
OTHER TIERS: 0.05% $1k - $2.5k

ConnectOne Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Consumer Interest Checking
0.05%$1k-Business Interest Checking

ConnectOne Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-24 Month CD
0.50%$500-36 Month CD
0.50%$500-48 Month CD
0.50%$500-60 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
0.35%$500-18 Month CD
0.35%$500-Business 18 Month CD
0.25%$500-90 Day CD
0.25%$500-179 Day CD
0.25%$500-6 Month CD
0.25%$500-12 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-24 Month IRA
0.50%$500-36 Month IRA
0.50%$500-48 Month IRA
0.50%$500-60 Month IRA
0.35%$500-18 Month IRA
0.25%$500-90 Day IRA
0.25%$500-179 Day IRA
0.25%$500-6 Month IRA
0.25%$500-12 Month 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.