Located throughout the South and Midwest, Simmons Bank offers an abundance of account options. To find out if Simmons Bank is right for you, continue reading the review below.
They have a decent range of checking and savings account for various occasions for reasonable minimum requirements.
Checking Account Options
Simmons Bank has a decent variety of checking accounts that comes with different benefits. Be sure to read through all the details before applying to any account.
This is Simmons Bank’s basic checking account. You will need a minimum deposit of $100 to open it.
There is a $6 monthly fee, but you can waive it by having a daily balance of $500 or a monthly balance of $1,000.
This account also comes with a Simmons Bank Debit Card, free online banking and overdraft service options.
To earn interest on this checking account, you will need a minimum deposit of $100. The interest earn will be tiered.
There is a monthly fee of $10, but by having a $1,000 daily balance, you can waive it.
This account also comes with a Simmons Bank Debit Card, free online banking and overdraft service options.
You will also need a $100 to open this account.
There is a monthly fee of $10, but you can waive it by maintaining a daily balance of $1,000.
This account also comes with a Simmons Bank Debit Card, free online banking and overdraft service options.
You will need a minimum deposit of $50 to open this account, but there are no monthly fees to worry about afterwards.
You will also receive a Simmons Bank Debit Card, free online banking and overdraft service options.
This checking account is for those who tend to keep a lower balance instead.
You will need a minimum balance of $25 to open this account.
There is also an unavoidable monthly fee of $5 to consider as well.
You will also receive a Simmons Bank Debit Card, free online banking and overdraft service options.
Compare Checking Accounts
 • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit • Access to more than 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • JPMorgan Chase Bank, N.A. Member FDIC • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. • Chase Overdraft AssistSM – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Simmons Bank has a small selection of savings accounts, but they earn decent interest rates.
This is a basic savings account that requires $100 as an minimum opening deposit.
There is a small monthly fee of $5, but you can waive it if you have at least $100 in your account daily.
You are allowed up to 6 withdrawals per month, and the interest is earned daily based on your balance.
This savings account is for minors who are 18 or younger. You only need a minimum deposit of $10 to open it.
You are also allowed up to 6 withdrawals per month, and the interest is earned daily based on your balance.
This savings account is designed for those who wants to set aside their earnings to pay for health expenses.
This account earns interest daily, but you will need $100 to open it.
Compare Savings Accounts
 With the CIT Bank Savings Builders account: • Earn a top tier, competitive APY on your money—one of the top savings rates in the nation. Earn up to 1.00% APY on your funds - grow your savings faster. • Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate. • FDIC Insured |
 With the American Express® High Yield Savings Account: • Earn 4.00% APY as of 5/31/23 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
 Open a Discover Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code HMB223 by 06/15/2023 • Earn high interest rate of 3.90% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code HMB223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. |
 • Earn up to 0.61% APY with interest compounded daily and no monthly fees with the Axos Bank High Yield Savings account • No minimum balance requirements • Free ATM card upon request • $250 minimum opening deposit • Free Incoming Wires |
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard. Simmons Bank offers one money market that earns tiered interest rates.
Simmons Bank Money Market:
- Requires a $100 minimum opening deposit
- Interest is compounded monthly based on your balance
- There is $15 service charge if the balance falls below $1,000
- For current rates contact your local branch
Compare Money Market Accounts
• Earn 0.25% APY with the Axos Bank High Yield Money Market • FDIC Insured • Check writing privileges • No monthly maintenance fees • No minimum balance requirements • Debit card transactions • Minimum Balance Required to Open the Account: $ 1000.00 |
 • Get started and open a Discover Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.85% APY balances $100,000 and over • Earn 3.80% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
With the CIT Bank Money Market Account, you can earn a competitive interest rate and access your money easily. • Earn 1.55% APY on your funds • One of the nation's top rates — several times the national average. • Get up to 6 digital transfers/withdrawals per statement cycle • Save smart and get more for your money • Higher rates than traditional banks • Get 24/7 Account Access • Secure banking features • Open with as little as $100 • FDIC insured |
Reasons to Bank with Simmons Bank
- They have a decent selection of checking and savings accounts.
- Their opening deposit requirements are low.
- Their monthly fees are easily waiveable.
- They have youth savings account to encourage children to save responsibly.
- They have a health savings account to you can set aside your money for expenses.
- Conduct all your banking online or on the Simmons Bank mobile app.
Reasons Not to Bank with Simmons Bank
- Simmons Bank only operates in 7 states: Arkansas, Colorado, Kansas, Missouri, Oklahoma, Texas and Tennessee.
- They have a low variety of savings accounts.
- They only have one money market.
- Their CDs are kind of vague, they don’t have any variety.
- They lack a free checking account.
- The interest rates aren’t that high, you could probably find better ones elsewhere.
Simmons Bank Routing Number
Simmons Bank’s routing number is 082900432.
Contact Customer Service
Simmons Bank has a a regular phone number and a 24 hour telephone banking number.
To speak to a customer representative, call: 1-866-246-2400
For 24 Hour Telephone Banking, call: 1-877-245-1234
How Simmons Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Huntington Bank: Huntington offers a variety of account options to choose from. Right now, Huntington is offering bonuses when you sign up for select checking accounts, including business ones!
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
- Bank of America: As one of the larger banks in the U.S. Many may choose BoA for the convenience of locations through out 35 states. However, BoA offers limited account options.
Bottom Line
Overall, Simmons Bank offers simplistic and basic accounts, but are open to anyone.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If Simmons Bank has the variety and options you’re looking for, apply today! For more options from a variety of banks, see our list of the best bank promotions!
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