Deal Summary

36-month CD, 1.70% APY, minimum deposit $500, dividends paid upon maturity.

Simmons Bank’s Top CD Rates

Simmons Bank’s top CD rate is 1.70% APY. This rate is offered on the credit union’s 36-month CD with a minimum deposit of $500. The dividends earned on this CD are paid upon maturity.

The 24-month CD is a great alternative. The account offers an 1.45% APY with a $500 minimum deposit. This account also pays you your dividends upon maturity. Another option to consider would be the 12-month CD. With this CD, you get a 1.25% APY with a $500 minimum deposit.

For short-term investors the credit union offers a 3-month CD. This CD offers an annual percentage yield of 0.90%. This CD is also obtainable with a $500 minimum deposit. Again, the dividens on this account are paid upon maturity.

Simmons Bank offers five CDs. Each of these CDs can be opened with a $500 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 3 to 36-months. The APY starts at 0.90% and builds to 1.70%. Each of Simmons Bank’s CD accounts is subject to early withdrawal penalties.


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.

Branches in Arkansas

Beebe, Benton, Bentonville, Bryant, Cabot, Charleston, Clarksville, Clinton, Conway, Dermott, Dumas, El Dorado, Fayettville, 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, Seearcy, Siloam Springs, Springdale, Star City, Strong, Weiner, and White Hall.

Bank Overview

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 $21 billion in deposits, so clearly they’ve come a long way. They employ nearly 3,000 employees but still 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 partnered with other financial institutions which in turn has allowed them to substantially enhance their ability to provide innovative and quality financial products and services to their customers.

Simmons Bank has been recognized for their efforts and have 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.