An electrical connector for mounting on an external circuit board includes: an insulating body; a terminal module assembled on the insulating body and including a plurality of mating terminals, an insulating carrier with an accommodating cavity, plural intermediate terminals fixed on one side of the insulating carrier and electrically connected to the mating terminals, plural pin terminals fixed on the other side of the insulating carrier, and a magnetic module accommodated in the accommodating cavity and electrically connected to the intermediate terminals and the pin terminals, wherein the insulating carrier is a two-piece housing, the intermediate terminals are held in one housing piece, and the pin terminals are held in the other housing piece.