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High-Yield CDs

Maximize your savings
Earn more with high-yield CDs

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 CD (Time Deposit)* to get started.

Besides securing some of the most competitive interest rates paid in the New Jersey, New York and South Florida areas, your savings plan comes with:

CDs (Time Deposits)

  • Open with as little as $500
  • Earn an interest rate that's fixed for the full term
  • Hold on to CDs until maturity to avoid early withdrawal penalties
  • Free Online Banking

Personal CDs

Product Minimum Balance Annual Percentage Yield** Interest Rate Apply Online
7 Month $500.00 4.00% 3.92% Open A 7 Month CD
11 Month $500.00 3.75% 3.68% OPEN AN 11 MONTH CD
17 Month $500.00 3.45% 3.39% Open A 17 Month CD
23 Month $500.00 3.25% 3.19% Open A 23 Month CD

ConnectOne Bank opens CDs as Time Deposits. The name of the product in all account related notices, including but not limited to, tax forms and statements, will be Time Deposits. You will not receive a certificate upon opening the account.

For CD 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 CD. At this point, you can notify the bank, (by phone, in a branch, or by emailing [email protected]) if you decide to close the CD.

If you choose to close the CD 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 CD, 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 CD 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 CD. 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 CD, 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.

You can set up an alert in your online banking to remind you when you're CD maturity is coming due.

If you opted to receive your account notices online, your maturity notice will be sent securely to your online banking. Otherwise, you will receive a maturity notice by mail prior to the maturity date of your CD. 

If you choose to close the CD, you must notify us in person or by phone. If you have any questions, give us a call at 844-266-2548, email us at [email protected], send us a message in your online banking, or visit your local banking office.

If you don’t notify the bank that you’d like to close the CD, your account will automatically renew after 10 calendar days for the term indicated in your CD 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)

* ConnectOne Bank opens CDs as Time Deposits. The name of the product in all account-related notices, including but not limited to, tax forms and statements, will be Time Deposits. You will not receive a certificate upon opening the account. The terms advertised above are Promotional Rates. Additional rates available by visiting your local banking office or calling us 844-266-2548.

** Annual Percentage Yield (APY) is effective as of 11/12/24 and subject to change at any time and without notice. Early withdrawal penalties may be imposed and the fee could reduce interest and principle for Time Deposits. You must deposit at least $500 to open a Time Deposit.

For more information about FDIC insurance coverage visit http://www.fdic.gov/index.html

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