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5.15
%
APY1

Save For The Important Things In Life

Act Now For CD (Time Deposit)* Rates As High As 5.15% APY1.

Open Your 11 Month CD In Minutes

Online or at Any of Our Locations

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Features that come with every CD
Fast & Effective
Get started with at least $500 and open your account online in minutes.
Your money is FDIC-insured
Have peace of mind knowing your funds are FDIC insured for up to $250,000.00 and you may be eligible for additional coverage. If interested, learn more from our coverage policy.
No monthly maintenance fees
No fees to maintain your account means you earn more faster.
Always connected
Manage your account and set maturity reminders online.

11 Month CD*

Table with high-yield CD rate.
Minimum BalanceAnnual Percentage Yield1Interest Rate
Minimum Balance
$500.00
Annual Percentage Yield
5.15%
Interest Rate
5.02%

“An excellent bank to deal with. This is not a mega national bank with little or no care for customers, but a strong community bank with strong dedication to the areas they service. Their online banking experience is easy and friendly.”

—Lily Z

Frequently Asked Questions

What is a 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.
Will I receive statements for my CD?
Yes! You will receive an annual statement for your account and one when the CD 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.
What happens when my CD matures?
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 support@cnob.com 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:
  • 1. A check can be mailed to you
  • 2. Funds can be transferred into your other existing ConnectOne Bank checking, savings, or Money Market checking account
  • 3. 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.
When do I begin to earn interest on my CD?
As soon as the account has been funded, you will begin to earn interest.

* 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 more information about FDIC insurance coverage, click here.
1 Annual Percentage Yield (APY) is effective as of 4/25/24 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.