ConnectOne Bank

Last Updated: 6/20/2025

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

Quick 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.

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	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.

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 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