Featured Savings Rates
Featured Accounts

ConnectOne Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.12%2-year CD24 Month Personal CD
2.63%5-year CD60 Month Personal CD
2.53%4-year CD48 Month Personal CD

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

ConnectOne Bank is headquartered in Englewood Cliffs and is the 7th largest bank in the state of New Jersey. It is also the 214th largest bank in the nation. It was established in 2005 and as of September of 2017, it had grown to 298 employees at 21 locations. ConnectOne Bank's money market rates are 2X the national average, and it has an A health rating.

Related Posts

ConnectOne Bank Has Nationally Available 48-Month CD - 1/22/2018

ConnectOne Bank has raised the rates on its nationally available CDs, including 48-month CD (2.53% APY) and 60-month CD (2.63% APY). Minimum deposit is $500.

13-Month CD, 1.82% APY - 1/9/2018

ConnectOne Bank's 13-month CD (1.82% APY) is available nationwide. Can be opened with as little as $500. https://www.connectonebank.com/About/Resources/Rates/Personal-Account-Rates

ConnectOne Bank Now Offers CDs Nationwide - 10/20/2017

I’m happy to report that ConnectOne Bank is now offering their CDs nationwide. Rates have remained competitive, and now the bank’s 2-year CD has become very competitive.

View all posts from:


Reviews (4)

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
Employees298
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD7.88%
Annual Interest Income$131.1MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$4.84B$4.33B
LoansQ3 2017vs Q3 2016$3.95B$3.42B
DepositsQ3 2017vs Q3 2016$3.63B$3.27B
Equity CapitalQ3 2017vs Q3 2016$607.4MM$550.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$29.9MM$37.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$65.4MM$16.7MM
Real Estate OwnedQ3 2017vs Q3 2016$0$626.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

13-Month CD, 1.82% APY

Carpline   |  
ConnectOne Bank's 13-month CD (1.82% APY) is available nationwide. Can be opened with as little as $500.

https://www.connectonebank.com/About/Resources/Rates/Personal-Account-Rates

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
0.15%--Statement Savings

ConnectOne Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$50k*$750kImpact Money Market
OTHER TIERS: 0.30% $2,500+
0.25%*$2,500*-Money Market
OTHER TIERS: 0.20% $1k - $2,500

ConnectOne Bank Checking Account Rates

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

ConnectOne Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$500-60 Month Personal CD
2.53%$500-48 Month Personal CD
2.28%$500-36 Month Personal CD
2.12%$500-24 Month Personal CD
1.92%$500-18 Month Personal CD
1.82%$500-13 Month Personal CD
1.41%$500-12 Month Personal CD
1.31%$500-6 Month Personal CD
0.75%$500-91-179 Personal CD
0.75%$500-3 Month Personal CD
0.10%$500-7-90 Day Personal CD
Locations

Availability