ConnectOne Bank


Reviews (6)

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OUTDATED PROCEDURES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.

Connectone Bank Is Dropping The Ball

Posted by: 74JDB | Aug 1, 2019

l've been a customer with ConnectOne since it was Union Center National Bank. I must say as of late, their customer service is not all up to snuff, and if they continue to provide me with poor customer service, l'm going to drop them. Thanks for your time and God Bless.



Health

Health Grade Components

Overall
FDIC Certificate #57919
Year Established2005
Employees366
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD9.08%
Annual Interest Income$133.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$6.11B$5.27B
LoansQ2 2019vs Q2 2018$5.05B$4.33B
DepositsQ2 2019vs Q2 2018$4.66B$3.92B
Equity CapitalQ2 2019vs Q2 2018$779.3MM$658.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$37.7MM$33.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$52.9MM$50.2MM
Real Estate OwnedQ2 2019vs Q2 2018$0$1.1MM
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
1.82%*$2.5k*$250kOneConnection Savings - Online
OTHER TIERS: 0.30% $250k+
0.15%--Statement Savings
0.15%--Business Savings

ConnectOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$2.5k*$750kImpact Money Market
OTHER TIERS: 0.30% $750k+
1.15%*$2.5k*$750kBusiness Impact Money Market
OTHER TIERS: 0.30% $750k+
0.25%*$2.5k*-Money Market
OTHER TIERS: 0.20% $1k - $2.5k
0.25%*$2.5k*-Business Money Market
OTHER TIERS: 0.20% $1k - $2.5k

ConnectOne Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-Business Interest Checking
0.15%$1k-Consumer Interest Checking

ConnectOne Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-17 Month CD
2.20%$500-Business 17 Month CD
2.00%$500-5 Month CD
2.00%$500-Business 5 Month CD
1.75%$500-18 Month CD
1.75%$500-24 Month CD
1.75%$500-Business 18 Month CD
1.75%$500-Business 24 Month CD
1.71%$500-12 Month CD
1.71%$500-Business 12 Month CD
1.70%$500-36 Month CD
1.70%$500-48 Month CD
1.70%$500-60 Month CD
1.70%$500-Business 36 Month CD
1.70%$500-Business 48 Month CD
1.70%$500-Business 60 Month CD
1.25%$500-6 Month CD
1.25%$500-Business 6 Month CD
0.35%$500-179 Day CD
0.35%$500-Business 179 Day CD
0.25%$500-90 Day CD
0.25%$500- Business 90 Day CD

ConnectOne Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-17 Month IRA
2.20%$500-Business 17 Month IRA
2.00%$500-5 Month IRA
2.00%$500-Business 5 Month IRA
1.75%$500-18 Month IRA
1.75%$500-24 Month IRA
1.75%$500-Business 18 Month IRA
1.75%$500-Business 24 Month IRA
1.71%$500-12 Month IRA
1.71%$500-Business 12 Month IRA
1.70%$500-36 Month IRA
1.70%$500-48 Month IRA
1.70%$500-60 Month IRA
1.70%$500-Business 36 Month IRA
1.70%$500-Business 48 Month IRA
1.70%$500-Business 60 Month IRA
1.25%$500-6 Month IRA
1.25%$500-Business 6 Month IRA
0.35%$500-179 Day IRA
0.35%$500-Business 179 Day IRA
0.25%$500-90 Day IRA
0.25%$500-Business 90 Day IRA
Locations

Availability



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