Savings Accounts & Time Deposits

Maximize your savings with various options
Two ways to save

Make saving money easy! Competitive interest rates and low minimums makes saving money hassle-free for a college education, a new car, or to use in the future however you see fit. Open a Savings Account or Time Deposit to get started.

Besides securing some of the most competitive interest rates paid in the New Jersey and New York area, both savings plans come with:

  • Free 24-hour banking with no ATM charges at ConnectOne ATMs
  • Free Online Banking

Time Deposit

  • Open with as little as $500
  • Earn an interest rate that's fixed for the full term
  • Terms ranging from 31 days to 60 months
  • Hold on to Time Deposits until maturity to avoid early withdrawal penalties

Statement Savings

  • Open an account with any size balance and earn interest
  • Pay no monthly maintenance fees
  • Access easy-to-read monthly statements
  • For Time Deposit terms 32 days and greater, the interest is compounded daily and posted to the account on a monthly basis
  • For Time Deposit terms 31 days, the interest is compounded daily and posted to the account weekly

Yes! You will receive an annual statement for your account and one when the Time Deposit closes. You will also receive a 1099 form for tax filing purposes.

Ten (10) calendar days from the date of maturity. This includes weekends and holidays. If you do not redeem your Time Deposit within the grace period, the Time Deposit will automatically renew.

As soon as the account has been funded, you will begin to earn interest.

You will receive a maturity notice by mail prior to the maturity date of your Time Deposit. At this point, you can notify the bank, (by phone, in a branch, or by emailing if you decide to close the Time Deposit. If you choose to close the Time Deposit you will receive the amount in your account upon maturity by check. If you have other accounts with ConnectOne Bank, you may also have the funds transferred into one of those accounts.

If you don’t notify the bank that you’d like to close the Time Deposit, your account will automatically renew for the same term at the prevailing rate. More information can be found in the Time Deposit product disclosure.

How can we help you?

Contact a ConnectOne Bank representative to learn more.

Annual Percentage Yield (APY)

For more information about FDIC insurance coverage visit

You come first. We aren't like those other banks.

At ConnectOne Bank, we understand that little things matter and focus on those things when providing personal and business banking solutions for our clients.