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ConnectOne Bank

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Deposit Rates - May 21, 2022

SAVINGS RATES APY MIN
SAV
0.00% $2,500 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57919
Date Established 2005
Assets $ 8.13 billion
Loans $ 6.75 billion
Deposits $ 6.47 billion
Capital $ 1,111.52 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 265.69 million
Interest-bearing balances $ 211.33 million
Total securities $ 547.43 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.75 billion
Loan loss allowance $ 78.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 217.37 million
All other assets $ 320.17 million
     Total Assets $ 7.02 billion

LIABILITIES
Total deposits $ 6.47 billion
      Interest-bearing deposits $ 4.72 billion
      Deposits held in domestic offices $ 6.47 billion
      % insured (estimated) 49.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 470.13 million
Subordinated debt $ 32.25 million
All other liabilities $ 48.10 millionn
      Total Liabilities $ 7.02 billion
      Shareholders’ Equity $ 1,111.52 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 301.74 million
Total Interest Expense $ 31.87 million
Net interest income $ 269.87 million
Provision for loan and lease losses N.A.
Total non interest income $ 15.87 million
Total non interest expense $ 108.94 million
Pre-tax Net Operating Income $ 182.30 million

ConnectOne Bank is an FDIC insured institution headquartered at 301 Sylvan Avenue, Englewood Cliffs, NJ 7632.
It was founded in 2005 and has approximately $8 billion in assets. Customers can open an account at one of its 23 branches.

Customer Reviews for ConnectOne Bank (7)

Rated 2.43 stars out of 5 - based on 7 reviews

  • Opened account at the branch and discovered that I was only getting 0.20% and three months passed before I figured it out. Be careful with this one.

  • Rejected, called to ask why and was accepted. Has been fine since.

  • I was made to feel unimportant when I called with a question about transfers because of the small size of my money market account that I opened a couple of months ago.

  • I applied and was rejected. I had not known it was possible to be rejected for a savings account and I hope they didn't screw with my perfect credit. I will stay at Ally and earn 0.10% less.

  • I went through the application and never heard back. I called after two weeks and they told me hat I was rejected for an account. Seems like a neat scheme to separate people from their personal information. Oh, and I live in New Jersey (4 miles from a branch).

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    ConnectOne Bank
    Bank
    -
    $50,000
    N.A.
    0.00%
    0.00x (National Avg. - 0.11%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 0 0
    2 50,000 0 0
    3 50,000 0 0
    4 50,000 0 0
    5 50,000 0 0
    6 50,000 0 0
    7 50,000 0 0
    8 50,000 0 0
    9 50,000 0 0
    10 50,000 0 0
    11 50,000 0 0
    12 50,000 0 0
    13 50,000 0 0
    14 50,000 0 0
    15 50,000 0 0
    16 50,000 0 0
    17 50,000 0 0
    18 50,000 0 0
    19 50,000 0 0
    20 50,000 0 0
    TOTAL $0 $0
  • 2
    ONLINE SAVINGS
    Ivy Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    0.85%
    7.46x (National Avg. - 0.11%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 425 298
    2 50,425 429 300
    3 50,854 432 303
    4 51,286 436 305
    5 51,722 440 308
    6 52,161 443 310
    7 52,605 447 313
    8 53,052 451 316
    9 53,503 455 318
    10 53,958 459 321
    11 54,416 463 324
    12 54,879 466 327
    13 55,345 470 329
    14 55,816 474 332
    15 56,290 478 335
    16 56,769 483 338
    17 57,251 487 341
    18 57,738 491 344
    19 58,229 495 346
    20 58,724 499 349
    TOTAL $9,223 $6,456


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