Savings and Money Markets
| Account Type |
More Info |
Minimum Opening Balance |
Monthly Service Charge |
Balance to Avoid Service Charge |
Minimum Balance to Earn Interest |
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Money Market Savings
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$100 |
$10 |
$2,500 |
N/A |
A savings account that rewards you for keeping more money in your account.
Account Features
- Interest-bearing account with a higher variable rate.
- FDIC insurance
- Free direct deposit of Social Security and retirement checks
- Free notary service
- Allows six free withdrawals each month
- Monthly statement-with images
- No annual fee Simmons First 24 Hour Banking (ATM) Card for nationwide 24-hour access to your funds 365 days a year.
- Simmons First Classic Checking Card allows you to use your checking account (without writing checks) all over the world at participating VISA merchants.
*Benefits and features subject to customer qualification and approval by Simmons First.
*$100 required to open account.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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High Yield Money Market Investment
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$100 |
$15 |
$20,000 |
N/A |
A money market checking account that gives you a much higher rate of interest for maintaining a higher balance.
Account Features
- High yielding interest rate
- Quick access to your money
- No penalties for early withdrawal
- FDIC insurance
- Free direct deposit of Social Security and retirement checks
- Free notary service
- Allows six free withdrawals each month
- Monthly statement-with images
- No annual fee Simmons First 24 Hour Banking (ATM) Card for nationwide 24-hour access to your funds 365 days a year.
- Simmons First Classic Checking Card allows you to use your checking account (without writing checks) all over the world at participating VISA merchants.
*Benefits and features subject to customer qualification and approval by Simmons First
*$100 required to open account.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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Regular Savings
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$100 |
$5 |
$100 |
$0 |
A basic savings account to fit all of your needs.
Account Features
- Earns interest, compounded quarterly
- Quarterly statement
- FDIC insurance
- Free direct deposit of Social Security and Retirement Checks
- Free notary service
- Unlimited deposits
- Free Online Banking (link to Learn More Online Banking)
*Benefits and features subject to customer qualification and approval by Simmons First
*$100 required to open account.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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Youth Savings
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$10 |
$- |
$- |
$0 |
A savings account for today's youth.
Account Features
- No monthly service charge.
- Quarterly statement
- Earns interest, compounded quarterly
- FDIC insurance
- Free direct deposit of Social Security and Government Checks
- Free notary service
- Unlimited deposits
- Free Online Banking (link to Learn More Online Banking)
- *Benefits and features subject to customer qualification and approval by Simmons First
- *$10 required to open account.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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Health Savings
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$100 |
$3 |
N/A |
$0 |
"As health care costs continue to rise, many employers are learning about a smart way to save for these expenses. A Health Savings Account (HSA) is a tax advantaged account that can be funded by an employer, the employee, or another qualified party. Contributions to the account are tax deductible, and the HSA may accrue interest on a tax- deferred basis. Also, account withdrawals to pay for qualified health expenses are tax-free, providing participants with significant tax savings. An HSA may be portable between employers."
Account Features
- Unlimited check writing & deposits
- Interest bearing checking account
- Higher the balance, the higher the rate
- FDIC Insurance
- Free direct deposit
- Free notary service
- Monthly statement
- Free Online Banking (link to Learn More Online Banking)
- Free Simmons First Classic Checking Card
- Free Simmons First Logo Checks
*Benefits and features subject to customer qualification and approval by Simmons First.
*$100 required to open
For more information about Simmons First Health Savings account visit Frequently Asked Questions.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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Christmas Club
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$5 |
$- |
N/A |
$0 |
A savings club account that helps build savings for the holidays.
Account Features
- FDIC insurance
- One (1) FREE withdrawal per quarter
- Quarterly statement
- Free Online Banking (link to Learn More Online Banking)
*$5 required to open.
To learn more, please contact a Financial Service Representative at any of our convenient locations.
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Simmons First is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.