ConnectOne Bank savings and CD rates, reviewed
ConnectOne Bank advertises 3.10% APY on its Connection Plus Savings account. That is 272 basis points above the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #101 of 337 tracked savings rates. It was #96 three months ago.
Estimate your earnings →·What ConnectOne Bank actually pays →
ConnectOne Bank at a glance
| Top savings APY | 3.10% · Connection Plus Savings |
|---|---|
| Top CD APY | 4.00% · 7 months |
| Minimum deposit | $2,500 |
| FDIC certificate | 57919 · Englewood Cliffs, NJ |
| Website | www.connectonebank.com |
| Branches | 62 branches in FL, NJ, NY |
| Availability | Available in FL, NJ, NY |
ConnectOne Bank savings and CD rates
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%.
ConnectOne Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 7 months | 4.00% | $500 | 7 Month CD |
| 11 months | 3.20% | $500 | 11 Month CD |
| 17 months | 2.75% | $500 | 17 Month CD |
Interactive Tool
Calculate Savings for ConnectOne Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,400.00(8.3%)
- Total Contributions$13,000
- Initial Deposit$2,500
Projected Balance
$16,900.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What ConnectOne Bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, ConnectOne Bank paid a higher average rate than 83% of U.S. banks (all-bank median 2.27%).
- ConnectOne Bank, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Monthly fee | Direct deposit | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|
| Connection Plus Savings | 3.10% | $2,500 | $2,500 | $0 | Not required | Tiered |
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Available in FL, NJ, NY |
|---|---|
| Footprint | 62 branches in FL, NJ, NY |
| App Store rating | 4.6 out of 5 |
| Google Play rating | 4.0 out of 5 |
| Zelle | Available |
| Eligibility | not stated |
How ConnectOne Bank behaves over time
- 12-month high
- 4.00%
- 12-month low
- 3.05%
- Advertised now
- 3.10%
- 90 basis points below the 12-month high
- Observed cuts, 12 months
- 0
- In a window with 3 Federal Reserve cuts
The advertised Connection Plus Savings rate, observed through Aug 19, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Aug 3, 20267 Month CD▲ 3.40% → 4.00%
- Obs. May 27, 202611 Month CD▼ 3.40% → 3.20%
- Obs. May 27, 202617 Month CD▼ 3.20% → 2.75%
- Obs. May 13, 202611 Month CD▲ 3.20% → 3.40%
- Obs. May 13, 202617 Month CD▲ 2.75% → 3.20%
- Connection Plus Savings APY
- Fed rate cut
ConnectOne Bank CD rates over time
Who is ConnectOne Bank?
| Headquarters | Englewood Cliffs, NJ |
|---|---|
| Scale | $14.2B assets · $11.6B deposits (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 57919 |
| BBB rating | A+ · Not BBB Accredited |
Financial detail is in What ConnectOne Bank pays on deposits above.
Common questions about ConnectOne Bank
Is ConnectOne Bank FDIC insured?
Yes. ConnectOne Bank is FDIC insured under certificate 57919, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at ConnectOne Bank?
ConnectOne Bank requires a minimum deposit of $2,500 to open its Connection Plus Savings account, as observed on Aug 19, 2026. Check the bank's current terms before you open an account.
Does ConnectOne Bank have branches?
Yes. ConnectOne Bank operates 62 branches according to FDIC branch records, in addition to its website and mobile apps.
ConnectOne Bank against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| ConnectOne Bank | 3.10% | 2.93% | $2,500 | 62 branches in FL, NJ, NY |
| Ameriprise Bank | 3.15% | 0.17% | $100 | 2 branches in MN |
| PNC | 3.15% | 1.92% | $0 | 2,418 branches across 28 states |
| Jonestown Bank and Trust Company, of Jonestown, Pennsylvania | 3.05% | 1.85% | not stated | 14 branches in PA |
Alternatives are the three tracked banks whose best savings APY is closest to ConnectOne Bank's.
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