ConnectOne Bank: Savings Accounts & Rates

Savings rates updated: 11/15/2025

Mission statement: Banksparency aims to make ConnectOne Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Connection Plus Savings: 3.60% APY(Rank 67 out of 86 tracked HYSAs)

Minimum Deposit: $2,500

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Englewood Cliffs, New Jersey

Founded: 1982

Access to Branches: Locations in New Jersey, New York and Florida

Deposit Insurance: FDIC Cert # 57919

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.5/5

Google Play Rating: 3.6/5

Website: Visit ConnectOne Bank

Our Take on ConnectOne Bank

Highlights

Current APY of 3.60%, down from 3.85% last month.
No maintenance fees for the Connection Plus Savings account.
A+ BBB rating indicating strong trustworthiness.
App Store rating of 4.5, suggesting user satisfaction.

Considerations

Minimum deposit requirement of $2,500.
Minimum balance of $250,000 to earn higher APY.
Not BBB Accredited, which may concern some users.
Google Play rating of 3.6, indicating mixed user reviews.

Summary: ConnectOne Bank offers a competitive APY of 3.60% for its Connection Plus Savings account, though it has decreased from 3.85% in the past month. The account has no maintenance fees but requires a minimum deposit of $2,500 and a balance of $250,000 for higher earnings. With an A+ BBB rating, the bank shows strong trustworthiness, but it lacks accreditation. The bank operates branches in New Jersey, New York, and Florida.

Savings Account: In-Depth View

Savings Account Offered by ConnectOne Bank

Feature	Connection Plus Savings
APY	3.60% (as of 11/15/2025)
APY Trend	-0.25% MoM/-0.40% QoQ
Minimum Deposit	$2,500
Minimum Balance for APY	$250,000
FDIC-insured	Yes
Online Only	No
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	Tiered account, where minimum balance over $250,000 may earn you a slightly higher APY.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for ConnectOne Bank

All calculations are based on APY.

Savings Product:

Connection Plus Savings (APY: 3.60%)

Initial Deposit:

⚠️ The minimum balance for APY on this account is $250,000.

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $0 (0.00%)
Total contributions: $13,000 (83.87%)
Initial deposit: $2,500 (16.13%)

Your total balance

$15,500.00

Effective APY: 0.00% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

ConnectOne Bank Savings Rates Over Time

Historical APY Insights

Metric	Connection Plus Savings
Latest APY	3.60 %
Trend	Sideways
Slope (bps/mo)	-3.3
Rate Changes / Mo	0.33
Days Since Last Change	12
High (-9 m)	4.00 %
Low (-9 m)	3.60 %
Draw-down from High	-10.0 %
Volatility (CV)	0.031

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-9 m): Highest APY in the last 274 days.
Low (-9 m): Lowest APY in the last 274 days.
Draw-down from High: How far today sits below the 9-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare ConnectOne Bank's Savings Account

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Citibank - 3.35% APY
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Live Oak Bank - 3.90% APY
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Neighbors Bank - 4.50% APY
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Northeast Bank - 2.50-3.00% APY
OMB Bank - 1.00% APY
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Poppy Bank - 4.00% APY
Popular Direct - 4.00% APY
Presidential Bank - 3.75-4.25% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 3.95% APY
ROGER - 3.87% APY
Salem Five Direct - 3.71% APY
Sallie Mae Bank - 3.90% APY
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SmartyPig - 3.90% APY
SoFi Bank - 4.30% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Vio Bank - 4.21% APY
Wealthfront - 3.50-4.15% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	ConnectOne Bank	Select a bank...
Product	Connection Plus Savings	N/A
APY	3.60% (as of 11/15/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	No	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$2,500	N/A
Minimum Balance for APY	$250,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	Tiered account, where minimum balance over $250,000 may earn you a slightly higher APY.	N/A

Alternatives to ConnectOne Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Ally Bank

Savings Account: 3.30% APY

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Savings Account: 3.25% APY

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MySavings Account: 3.75% APY

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All America Bank

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