Elevate your earnings potential.
Open an Elevate Money Market Account account today to take your money to the next level.
4.00% APY for 90 days on New Accounts{277}
- Open by April 30 to qualify
- Minimum Opening Deposit $10,000
- Deposit must be "new money'"
- No consumer account in past 12 months
Promo code will be automatically applied when you click the Open online button on this page. Open online buttons on other pages will not generate a promo code.
Get your paycheck early.
With Early Payday, direct deposits may be posted to your account up to 2 days early!{213}
There’s no fee and no need to sign up.
Don't have direct deposit? No problem! Download this form and submit to your employer, to request to get started.
Call 877-245-1234 for deposits and loans, or 800-272-2102 for credit cards to access your account any time.
Save a trip to the bank. Deposit checks from your smartphone or tablet anytime, anywhere with no charge.{16}
Make cash withdrawals and check your account balance at any Simmons Bank ATM.
Elevate Money Market Account FAQs:
There is a $25 monthly service charge, but this fee is waived if the $10,000 minimum daily balance is met.
There is a $3 fee for paper statements, but this fee is waived if you enroll to receive eStatements only.
You can add funds to your account by using mobile deposit, Zelle, internal or external transfers, visiting a branch or making a deposit at an ATM.
Yes! There is no fee or limit on monthly withdrawals from this account.
If a withdrawal causes your daily balance to drop below $10,000, you will no longer be eligible for the monthly service charge waiver for that month.
Our Elevate Money Market Savings account pays a tiered, variable rate of interest on the daily collected balance and is compounded and credited monthly.
Joint owners can be added by visiting a branch.
You will need your government-issued ID or driver's license, your Social Security Number (SSN) and a computer or mobile device with a camera. You will be required to take a live selfie. It's important to us and to our fraud department.
We understand that technology can sometimes be a pain. Here are some suggestions for the least amount of resistance:
- Be steady when framing your ID in the predefined window.
- Find a well-lit area with natural light. For your selfie, face the light to avoid shadows.
- Find a neutral background and eliminate any clutter that might get in the way.
- Make sure you have a good connectivity to ensure the images upload and process efficiently.
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{252} All accounts subject to approval.
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{97} Benefits and features are subject to customer qualification and approval by Simmons Bank.
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{277} Annual Percentage Yield (APY) and rate tiers are accurate as of 1/26/2026. To qualify for this offer, Eligible Customers must open a new Elevate Money Market Account (“Account”) online or at a branch using the specified promo code by 4/30/2026. The minimum opening deposit to qualify for this offer must total at least $10,000 of New Money in the Account. “New Money” is money that is not currently on deposit at Simmons Bank. The Account rate tiers are based on the following collected balances: Tier 1 - $0.00 to $9.999.99; Tier 2 - $10,000.00 to $99,999.99; Tier 3 - $100,000 to $249,999.99; Tier 4 - $250,000 to $499,999.99; Tier 5 - $500,000 to $999,999.99; Tier 6 - $1,000,000.00 or greater. The current APY for Tier 1 is 0.30%. The promotional 4.00% APY is effective for 90 calendar days from the opening date of the new Account for Tiers 2-6. After 90 days, the Account will earn the standard variable rate determined at the bank’s sole discretion which is subject to change at any time without notice after account opening. The monthly service charge is waived for the Account if a minimum daily collected balance of $10,000 is maintained. Fees could reduce earnings on the account. Other restrictions may apply. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information.
“Eligible Customers” (1) are individuals at least eighteen (18) years old; (2) must be a US resident (including US citizens and resident aliens) with a valid US Taxpayer Identification Number on file with Simmons Bank and may not be subject to backup withholding (non-resident aliens are ineligible); (3) may not be the primary or joint owner of an existing Simmons Bank consumer checking, savings, health savings, certificate of deposit, or money market account (“Consumer Account”) or have been the primary or joint owner of a Simmons Bank Consumer Account in the twelve (12) months prior to Account opening; and (4) must have received a specified promo code (by mail, email, phone or otherwise) and use the promo code at Account opening. Trusts and business entities are not eligible for the promotion
All Accounts subject to approval. Simmons Bank may change or discontinue this promotional offer at any time prior to the expiration date without notice.
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{16} Data connection required. Wireless carrier fees may apply. Mobile deposit is available to Simmons Bank online and mobile banking customers who are at least 18 years of age and have the most recent Simmons Bank App for iPhone®, iPad®, or Android™.