ConnectOne Bank

Last Updated: 7/1/2025

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

Quick Views

Connection Plus Savings: 4.00% APY(Rank 49 out of 76 tracked HYSAs)

Minimum Deposit: $2,500

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 3.5/5

Google Play Rating: 3.2/5

Website: Visit ConnectOne Bank

Our Take on ConnectOne Bank

Highlights

Current APY of 4.00%, unchanged from 30 days ago.
No maintenance fees on the Connection Plus Savings account.
A+ BBB rating indicates strong trustworthiness.
Branches available in New Jersey, New York, and Florida.

Considerations

Minimum deposit and balance of $2,500 required.
Not BBB Accredited despite A+ rating.
App Store rating of 3.5 and Google Play rating of 3.2 indicate mixed customer satisfaction.
Direct deposit not required, but may limit some account features.

Summary: ConnectOne Bank offers a competitive APY of 4.00% on its Connection Plus Savings account, with no maintenance fees and a solid A+ BBB rating. However, a minimum deposit and balance of $2,500 may be a barrier for some savers. The bank has branches in New Jersey, New York, and Florida, but customer satisfaction appears mixed, as indicated by its app ratings. Notably, the bank is not BBB Accredited.

Savings Account

Savings Account Offered by ConnectOne Bank

Feature	Connection Plus Savings
APY	4.00% (as of 7/1/2025)
APY Trend	Stable for the last month
Minimum Deposit	$2,500
Minimum Balance for APY	$2,500
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.
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: 4.00%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $100 (3.85%)
Total contributions: $0 (0.00%)
Initial deposit: $2,500 (96.15%)

Your total balance

$2,600.00

Effective APY: 4.00% (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	4.00 %
Trend	Sideways
Slope (bps/mo)	0.0
Rate Changes / Mo	0.00
Days Since Last Change	138
High (-5 m)	4.00 %
Low (-5 m)	4.00 %
Draw-down from High	0.0 %
Volatility (CV)	0.000

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 5 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 (-5 m): Highest APY in the last 138 days.
Low (-5 m): Lowest APY in the last 138 days.
Draw-down from High: How far today sits below the 5-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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Feature	ConnectOne Bank	Select a bank...
Product	Connection Plus Savings	N/A
APY	4.00% (as of 7/1/2025)	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	$2,500	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