ConnectOne Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Connection Plus Savings: 4.00% APY(Rank 48 out of 74 tracked HYSAs)
Minimum Deposit: $2,500
National Savings Interest Rate: 0.42% (as of 5/19/2025)
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 for the Connection Plus Savings account.
- A+ BBB rating reflects trustworthiness.
Considerations
- Requires a minimum deposit and balance of $2,500.
- Not BBB Accredited, which may concern some customers.
- App Store rating is only 3.5, indicating mixed user feedback.
- Google Play rating is low at 3.2, suggesting potential service issues.
Summary: ConnectOne Bank offers a competitive APY of 4.00% for its Connection Plus Savings account, with no maintenance fees. However, potential customers should note the $2,500 minimum deposit and balance requirement. The bank holds an A+ BBB rating but is not accredited, which may raise concerns for some. Additionally, its app ratings are relatively low, indicating possible customer dissatisfaction with digital services.
Savings Account
Savings Account Offered by ConnectOne Bank
Feature | Connection Plus Savings |
---|---|
APY | 4.00% (as of 6/20/2025) |
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.
Connection Plus Savings (APY: 4.00%)
Deposit Frequency:
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 | 128 |
High (-4 m) | 4.00 % |
Low (-4 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 4 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 (-4 m)
- Highest APY in the last 128 days.
- Low (-4 m)
- Lowest APY in the last 128 days.
- Draw-down from High
- How far today sits below the 4-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.
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Feature | ConnectOne Bank | Select a bank... |
---|---|---|
Product | Connection Plus Savings | N/A |
APY | 4.00% (as of 6/20/2025) | 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 |