Simmons Bank CD Rates
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;
6-Month CD >$50,000
- Term Duration: 6 months
- Interest Rate: 5.10% APY
- Minimum Deposit: $50,000 of new money
- Consideration: Short-term commitment with a competitive interest rate for quick returns.
Pros & Cons
| Pros | Cons |
| High 5.10% APY for a short term | High minimum deposit |
6-Month Online CD < $50,000
- Term Duration: 6 months
- Interest Rate: 4.70% APY
- Minimum Deposit: $5,000 of new money
- Consideration: Balanced option for those seeking a mid-range commitment with a high APY.
Pros & Cons
| Pros | Cons |
| Competitive 4.70% APY | Moderate time commitment |
| Balanced option for mid-range goals | Less flexibility compared to short-term or liquid options |
Are Simmons Bank CD Rates Competitive?
Simmons Bank CD rates demonstrate a competitive edge in the financial landscape.
- While the 6-month CD for deposits over $50,000 offers an impressive 5.10% APY, it is important to note the higher minimum deposit.
- The 6-month CD for deposits under $50,000 offers a competitive 4.70% APY with a much more accessible minimum deposit of $5,000.
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.
Availability
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
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.
If you miss the grace period, your CD may automatically renew for the same term at the prevailing interest rate.
Simmons Bank may offer special benefits or promotions for existing customers opening a CD.
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.
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.