Weather Update

Due to impacts from the recent storm, our Saddle River, NJ location is temporarily closed.

Our team is fully operational remotely. Please contact us at 844-266-2548 or [email protected] or visit one of our other convenient locations.

Weather Update

Due to impacts from the recent storm, our Saddle River, NJ location is temporarily closed.

Our team is fully operational remotely. Please contact us at 844-266-2548 or [email protected] or visit one of our other convenient locations.

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, New York and Florida areas, 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
  • 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

Yes! You will receive an annual statement for your account and one when the Time Deposit closes. You may also receive a 1099 form for tax filing purposes if more than $10.00 in interest is earned, excluding IRA Time Deposits.

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 [email protected]) 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 in one of the following methods:

  • A check can be mailed to you
  • Funds can be transferred into your other existing ConnectOne Bank checking, savings, or Money Market checking account
  • Upon request, we can transfer the funds back to your original funding Financial Institution

If you don’t notify the bank that you’d like to close the Time Deposit, your account will automatically renew after 10 calendar days for the term indicated in your Time Deposit disclosure at the prevailing rate. More information can be found in the Time Deposit Truth-In-Savings disclosure.

We recommend contacting us at 844-266-2548 or [email protected] to renew your Time Deposit to a different term.

Please note, when opening a new ConnectOne Bank account online, you are not able to fund that account using an existing Time Deposit. Please select the 'Deposit Later' funding option when completing your application and contact us at 844-266-2548 to fund your new account.

If you don’t notify the bank that you’d like to close the Time Deposit, your account will automatically renew after 10 calendar days for the term indicated in your Time Deposit disclosure at the prevailing rate. More information can be found in the Time Deposit Truth-In-Savings 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 http://www.fdic.gov/index.html

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.