Most significantly, Simmons Bank has partnered with other financial institutions which in turn has allowed them to substantially enhance their ability. It provides innovative and quality financial products and services to its customers in the form of stable CD terms.

These cd terms are highly admirable by the finance experts as they offer stable returns to the investors. Let’s explore them in detail.

Simmons Bank CD Rates Offers

The Simmons Bank CD Rates to discuss are;

3-Month Online CD

  • Term Duration: 3 months
  • Interest Rate: 4.80% APY
  • Minimum Deposit: $5,000 of new money
  • Consideration: Short-term commitment with a competitive interest rate for quick returns.

Pros & Cons

High 4.80% APY for a short termLimited time frame for investment

6-Month Online CD

  • Term Duration: 6 months
  • Interest Rate: 4.80% APY
  • Minimum Deposit: $5,000 of new money
  • Consideration: Balanced option for those seeking a mid-range commitment with a high APY.

Pros & Cons

Competitive 4.80% APYModerate time commitment
Balanced option for mid-range goalsLess flexibility compared to short-term or liquid options

9-Month Online CD

  • Term Duration: 9 months
  • Interest Rate: 4.60% APY
  • Minimum Deposit: $5,000 of new money
  • Consideration: A slightly extended term with a competitive interest rate, offering a strategic balance between short and long-term options.

Pros & Cons

Lower risk compared to longer termsLess flexibility for short-term returns

18-Month Online CD

  • Term Duration: 18 months
  • Interest Rate: 4.30% APY
  • Minimum Deposit: $5,000 of new money
  • Consideration: Ideal for those looking for a more extended commitment, balancing a competitive interest rate with a longer investment horizon.

Pros & Cons

Balanced return for the time frameReduced liquidity during the term

Are Simmons Bank CD Rates Competitive?

Simmons Bank CD rates demonstrate a competitive edge in the financial landscape.

With a range of terms available, from a brief 3-month commitment to a more extended 18-month option, the bank offers attractive Annual Percentage Yields that stand out in the market.

  • The 3-month and 6-month CD terms, boasting a 4.80% APY, reflect a highly competitive stance, particularly for those seeking short to mid-term investment opportunities.
  • The 9-month CD, featuring a 4.60% APY, maintains a compelling offer with a balance between duration and yield.
  • Even the 18-month CD, at 4.30% APY, positions itself as a competitive choice for those willing to commit to a slightly longer investment horizon.

Simmons Bank’s competitive rates, coupled with the credibility of a well-established financial institution, make their CD options noteworthy. It is worthy for individuals seeking a blend of security and attractive returns in today’s financial landscape.

Overview Simmons Bank 

Simmons Bank has been around since 1903 when it was originally established. On just the first day, Simmons Bank had $3,338.22 in deposits. To this day, they have over $27 billion in deposits, so they’ve come a long way.

They employ nearly 3,000 employees but continue to put their clients first no matter how big they get. At Simmons Bank, the goal is to help their clients make their dreams come true, whether it be buying a home, starting a business, or growing their finances in general.

Over the years, Simmons Bank has been recognized for its efforts and has won several awards since they were first founded. Some of these awards include the Forbes 2020 World’s Best Banks, Best in State Employer, and Best Places to Work in Arkansas.


You do not need to be an existing member of Simmons Bank in order to open up a CD with them. In fact, opening a CD with Simmons Bank is rather easy and all you need to open it is your basic financial information, social security number, and employer information. You simply need to submit an inquiry form and a representative will get back to you.

Locations Simmons Bank 

Branches in Arkansas

The branches in Arkansas are:

Beebe, Benton, Bentonville, Bryant, Cabot, Charleston, Clarksville, Clinton, Conway, Dermott, Dumas, El Dorado, Fayetteville, Fort Smith, Hamburg, Hensley, Hot Springs, Jonesboro, Lake Village, Lincoln, Little Rock, Mammoth Spring, Marshall, Maumelle, Monticello, Mountain View, North Little Rock, Ozark, Paragould, Pine Bluff, Rogers, Russellville, Searcy, Siloam Springs, Springdale, Star City, Strong, Weiner, and White Hall.

Frequently Asked Questions

What is the difference between the promotional rates and regular CD rates?

The promotional rates are special, limited-time offers designed to attract new customers. Regular CD rates may differ and are often influenced by market conditions.

What happens if I miss the grace period at the end of the CD term?

If you miss the grace period, your CD may automatically renew for the same term at the prevailing interest rate.

Are there any special benefits for existing Simmons Bank customers opening a CD?

Simmons Bank may offer special benefits or promotions for existing customers opening a CD.

Can I change the term length of my Simmons Bank CD after opening it?

Once a CD is opened, you cannot change the term length. However, you may have the option to choose a different term when the CD matures during the grace period.

Are there any special considerations for senior citizens or students opening a Simmons Bank CD?

Simmons Bank may have special programs or rates for specific customer segments. For consideration, you are required to inquire about any tailored offerings for seniors or students when exploring CD options.