In order to decrease oxide growth kinetics, maintain suitable conductivity and prevent Cr-volatilization of AISI 430 stainless steels (430 SS) as the interconnect for intermediate temperature solid oxide fuel cells (SOFCs), a CoNiO spinel oxide protective coating has been successfully fabricated on the 430 SS specimen using a simple and cheap process with two steps: 1) electroplation of CoNi alloy layer and 2) pre-oxidation treatment to convert the CoNi alloy into spinel oxide. The CoNiO spinel layer on the 430 SS (CoNiO 430 SS) is dense and uniform with 8–10 μm thickness. And the CoNiO spinel oxide protective coating consists of a main face-centered-cubic (fcc) NiCo2O4 spinel phase and a minor fcc NiO phase. Compared with bare 430 SS, the oxidation resistance and the conductivity of the CoNiO 430 SS have been improved remarkably under simulated typical SOFC operating cathode conditions (at 800 °C in air). After an isothermal oxidation test at 800 °C, the area specific resistance (ASR) of CoNiO 430 SS is much lower and stable (0.1 Ω cm2 for 100 h and 0.9 Ω cm2 for 600 h) than that of bare 430 SS (1.2 Ω cm2 for 100 h and 2.4 Ω cm2 for 600 h). These performances of CoNiO 430 SS imply that it can be a promising candidate interconnect for solid oxide fuel cell.