Simmons Bank $10 Youth Savings, $100 Simply Savings Bonuses [AR, IL, KS, MO, OK, TN, TX]

• Elementary-aged children through their 17th birthday, can earn the $10 bonus by opening a Youth Savings account at one of the participating Arkansas locations:
  • Benton
  • Bryant
  • Cabot
  • Conway
  • Hensley
  • Hot Springs
  • Little Rock
  • Maumelle
  • North Little Rock
  • Pine Bluff
  • White Hall
• $100 bonus at age 18 if the converted balance from the Youth Savings account is over $100.

Earned for Every “A” on Report Cards

$1 for every “A” on Report Cards up to $10

Free Paper Statements

Simmons Bank Round-Up

Round up your purchases to the next whole dollar amount and the bank will deposit the difference in a second account of your choice such as this Save10 account.

24-Hour Telephone Banking

Call 877-245-1234 for deposits and loans, or 800-272-2102 for credit cards to access your account any time.

Mobile Deposit

Deposit checks from your smartphone or tablet anytime, anywhere with no charge.

There is no monthly service charge with this youth savings account.

• Subject to approval.
• Restrictions apply.
• Benefits and features are subject to customer qualification and approval by Simmons Bank. 
• Data connection required.
• Wireless carrier fees may apply.
• Mobile deposit is available to Simmons Bank online and mobile baking customers who are at least 18 years of age and have the most recent Simmons Bank App for iPhone, iPad, or Android. 
• Available for personal accounts only. 
• Account balance must be at $10.00 or more on the third reward cycle, and the minor must not be passed the day of their 17th birthday at account opening. Rewards pay on the 26th (or next business day) of each month.
• Accounts opened on or before the 25th of each month will pay on the third statement cycle, accounts opened between the 26th and 31st will pay in the fourth statement cycle. 
• To obtain the report card benefit, customers must provide proof of grades in the branch via sealed or stamped report, for up to $10.00 in total reward value.
• The report card benefit will be paid at the close of the calendar school year and proof of grades should be submitted within 30 days of end-of-year (May/June) report card. 
• The Save10 Youth Savings account will convert to a Simply Savings account when the primary owner turns 18.
• To obtain the conversion bonus at age 18, the customer must have an open, positive balance checking account or the customer must open a checking product within 60 days of their 18th birthday (conversion date) and have a positive balance of greater than $100 in their Save10 Youth Savings Account at date of conversion.
• Accounts will pay the conversion bonus 180 days post-conversion.
• You must deposit $10.00 to open this account. Interest earned on the entire daily balance.
• Fees could reduce earnings on account. 
• Limit one account per minor under the age of 18.
• Federal Regulation D limits certain types of withdrawals and transfers made from a savings or money market account to a combined total of six per month or statement cycle of at least four weeks.
• These include transfers or withdrawals to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
• If you exceed the transfer limitations set forth above, your account shall be subject to closure.