ConnectOne Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

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

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: 3.85% APY(Rank 53 out of 83 tracked HYSAs)

Minimum Deposit: $2,500

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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: 3.5/5

Website: Visit ConnectOne Bank

Our Take on ConnectOne Bank

Highlights

Current APY of 3.85%, down from 4.00% 30 days ago.
No maintenance fees with Connection Plus Savings account.
A+ BBB rating indicates strong trustworthiness.
4.5 App Store rating reflects positive user experience.

Considerations

Minimum deposit of $2,500 required to open an account.
Minimum balance of $250,000 needed for higher APY.
Not BBB Accredited, which may concern some customers.
3.5 Google Play rating suggests mixed user feedback.

Summary: ConnectOne Bank offers a high-yield savings account with a competitive APY of 3.85%. However, it requires a minimum deposit of $2,500 and a balance of $250,000 for tiered rates. While it has an A+ BBB rating, it is not accredited. The bank operates in New Jersey, New York, and Florida, with a solid App Store rating of 4.5 but a lower Google Play rating of 3.5, indicating varied customer experiences.

Savings Account: In-Depth View

Savings Account Offered by ConnectOne Bank

Feature	Connection Plus Savings
APY	3.85% (as of 10/1/2025)
APY Trend	+0.10% WoW/-0.15% MoM
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: 3.85%)

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	3.85 %
Trend	Sideways
Slope (bps/mo)	-2.3
Rate Changes / Mo	0.26
Days Since Last Change	1
High (-8 m)	4.00 %
Low (-8 m)	3.75 %
Draw-down from High	-3.7 %
Volatility (CV)	0.021

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 229 days.
Low (-8 m): Lowest APY in the last 229 days.
Draw-down from High: How far today sits below the 8-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	3.85% (as of 10/1/2025)	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	$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