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Love your savings.

Earn up to 5.10% APY{230}
6-month CD

Open now

Apply online between 6 a.m. - 7p.m. CT.{232}

Existing customer?
Click here
Have questions?
Learn more

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More savings. More earnings

Get more with a Simmons Bank CD! Choose your rate below.

5.10% APY1

Take advantage of our highest CD rate.


6-month CD

Minimum balance to open:
$50,000 - $250,000 New Money{230}

4.70% APY1

Start saving with a lower deposit requirement.


6-month CD

Minimum balance to open:
$5,000 - $49,999.99 New Money{230}

Are you an existing Simmons Bank customer?

If so, you can open a new CD account directly from Simmons Bank Online & Mobile!

Click here for details.

CD Account Benefits

FDIC-insured

Simmons Bank CD accounts are insured up to the allowable limits of the FDIC.

Lock in returns

You can make better financial plans when you know what you're saving on your CD.

Are you an existing customer wanting to cash in on these great CD rates?

Don't miss out on this opportunity to boost your savings with Simmons Bank's High-Yield CDs!

The process is simple. Sign into Simmons Bank Online or Mobile{16} and tap Open a new account in the left menu to get started!

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All you’ll need are:

  • $5,000 minimum deposit of new money{230}
  • Login credentials for the external bank account you plan to use to fund your new CD account
  • Name, address, and SSN for your beneficiary should you choose to designate one

Sign in to Mobile Banking

Don't have the app? Download here:{16}

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Earn high-yield interest with a competitive rate

With our easy digital account opening, all you need are your ID, SSN and a mobile device!

Get started

Opening a CD is easier than ever!

Not only is opening a CD online incredibly easy, but you can also take advantage of great rates that offer impressive returns on your investment - all with a minimum deposit of $5,000 or $50,000 of new money{230}.

To get started, simply click here and use your state-issued ID to pre-fill your information, making the process even easier and more convenient.

Choose your desired CD and link the non-Simmons bank account you wish to use to fund your new CD for a seamless and hassle-free experience.

Experience the perfect combination of competitive rates and personalized service from a trusted local bank in your community.

Frequently asked questions

A certificate of deposit (CD) is an FDIC insured savings account that holds a fixed amount of money for a fixed period of time. With a CD, your interest rate is guaranteed for the entire term of your deposit. CDs are one of the safest  options available for saving.

"Term" refers to the length of time you agree to deposit your funds. Your CD will mature at the end your term, at which point you can withdraw your initial investment + earned interest penalty free. At this time you will also have the option to renew your account at the current rate.

We offer a flexible range of both short and long term options.

You may not make any deposits into your account before maturity.

You may make withdrawals of principal from your account before maturity, but the amount withdrawn may be subject to an early withdrawal penalty. You can only withdraw interest credited in the term before the maturity of that term without penalty.

You can withdraw interest only on the crediting dates. For questions about early withdrawal, please contact us at 1-866-246.2400.

Opening a CD account is now easier than ever with our online account opening. Click here to get started. Prefer to open in-person? No problem! Find your nearest branch to talk with an advisor.

  • Current Simmons Bank customers can open a new CD account within Simmons Bank Mobile or Online Banking by selecting Open a new account in the left menu. We'll use your existing information to start your application. Just select your desired CD and follow the steps.

To open a CD online, you'll need a valid state-issued ID, a minimum opening deposit of either $5,000 or $50,000 that is new money*, login credentials for the external bank account you plan to use to fund your new CD account, and the name, address, and SSN for your beneficiary should you wish to designate one.

*New money is money that is not currently on deposit at Simmons Bank.

To open a CD in person, you’ll need a valid state-issued ID, a minimum deposit of either $5,000 or $50,000 provided at least half of the minimum deposit must be New Money*, and the name, address, and SSN for your beneficiary should you wish to designate one. Additionally, if opened in person, at least half of the total opening deposit must be New Money.

*New money is money that is not current on deposit at Simmons Bank.

New money is money that is not currently on deposit at Simmons Bank.

Simmons Bank uses Plaid to facilitate the transfer of funds from an external bank account to your new Simmons Bank CD account. To access the funds in your external bank account, you’ll need the online banking login credentials.

To qualify for our best rates, a minimum deposit amount of $5,000 or $50,000 that is new money is required for CDs opened online. New money is money that is currently not on deposit with Simmons Bank. The maximum deposit amount for this offer is $250,000.

Only one CD account can be opened at a time when opening online. After opening the initial CD online, additional CD accounts can be opened through Simmons Bank Mobile.

Once your CD account reaches maturity, you will receive a notice reminding you that you have 10 calendar days to do one of the following:

  1. Allow your CD to auto-renew at the current rate at the time of maturity.
  2. Close your CD and withdraw your funds, without a penalty.

To withdraw or move funds from a mature CD, please visit your nearest Simmons Bank branch or contact us at 1-866-246-2400.

If no action is taken within the 10 calendar-day grace period, Simmons Bank will automatically renew your CD for the same term at the current rate at the time of maturity.

To make changes to your CD account visit your nearest Simmons Bank branch. If you are not located near a branch, contact us at 1-866-246-2400.

  • {97} Benefits and features are subject to customer qualification and approval by Simmons Bank.
  • {165} All accounts subject to approval. Restrictions apply.

  • {230} Annual Percentage Yield (APY) accurate as of 1/16/2024. Advertised rate subject to change without notice. Minimum opening deposit of $5,000 or $50,000 required to obtain advertised APY. If opened online, the full opening deposit must be New Money, and if opened in person, at least half of the total opening deposit must be New Money.  New Money is money that is not currently on deposit at Simmons Bank.  Not available for public funds. A penalty will be imposed for early withdrawal. Fees may reduce earnings. CD renewal at maturity will be at the prevailing interest rate.

  • {232} Online opening currently only available to residents of Alabama, Arkansas, Arizona, Georgia, Indiana, Kansas, Missouri, Ohio, Oklahoma, South Carolina, Tennessee, and Texas.

  • {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™.

  • {19} iPhone, iPad, Apple, and the Apple Logo are registered trademarks of Apple Inc.

  • {108} Android, Google Play, and the Google Play logo are trademarks of Google LLC.