ConnectOne Bank: Savings Account & Rates
Mission: Banksparency aims to make ConnectOne Bank's savings account transparent and comparable to the market.
Savings Overview
Connection Plus Savings
| Min. Deposit | $2,500 |
| Min. Balance | $250,000 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationEnglewood Cliffs, New Jersey
- Founded1982
- Ratings & Trust
- Zelle® SupportAvailableOfficial Zelle network participant.
- Deposit InsuranceFDIC Insured(Cert: 57919)
Our Take on ConnectOne Bank
The Good
- Decent APY of 3.05%
- No monthly maintenance fees
- Highly rated iOS app (4.5 stars)
- Access to physical branches
Considerations
- High minimum balance ($250000) to earn APY
- Yield is below current market leaders
ConnectOne Bank offers the Connection Plus Savings account with a competitive APY of 3.05%. However, this account is tiered, meaning that no interest is earned on balances below $2,500, while balances between $2,500 and $250,000 earn 2.95%. To benefit from the highest APY of 3.05%, a minimum balance of $250,000 is required. There are no monthly maintenance fees, and the account does not require direct deposit or a checking account. Customers also enjoy access to physical branches and a highly rated iOS app.
Savings Account: In-Depth View
Savings Account Offered by ConnectOne Bank
| Feature | Connection Plus Savings |
|---|---|
APY | 3.05%Range: 2.95% - 3.05%Verified: 1/7/2026 |
APY Trend | 30 days ↘︎ 0.55% 90 days ↘︎ 0.80% |
Min. Deposit | $2,500 |
Min. Balance | $250,000 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | Yes |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | Tiered savings: no interest for balances <$2.5k, 2.95% for $2.5k-$250k, and 3.05% for $250k+. |
| Next Steps | - |
Calculate Savings for ConnectOne Bank
Minimum balance for higher APY: $250,000
Savings Breakdown
- Interest Earned+$1,375.70(8.2%)
- Total Contributions$13,000
- Initial Deposit$2,500
Projected Balance
$16,875.70
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
Last 11 Months| Metric | Connection Plus Savings |
|---|---|
Latest APY | 3.05% |
Trend | Falling |
Slope (bps/mo) | -6.9 |
Rate Changes / Mo | 0.46 |
Days Since Last Change | 15 |
High (-11m) | 4.00% |
Low (-11m) | 3.05% |
Draw-down | -23.8% |
Volatility (CV) | 0.074 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 327-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with ConnectOne Bank
| Feature | Current View ConnectOne Bank | Empty Slot |
|---|---|---|
| Product | Connection Plus Savings | - |
APY | 2.95% - 3.05%Verified: 1/7/2026 | - |
APY Trend | 30 days ↘︎ 0.55% 90 days ↘︎ 0.80% | - |
| Min. Deposit | $2,500 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | Tiered savings: no interest for balances <$2.5k, 2.95% for $2.5k-$250k, and 3.05% for $250k+. | - |
| Next Steps | - | - |
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