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Open a CD account—How to get started

Applying for a Simmons Bank CD account is simple. When you apply with a Simmons Bank associate, you’ll need to gather a few things:

  1. ​Basic Financial Information
  2. Social Security Number
  3. Employer Information

You’ll need to visit a branch for the final step on opening a CD account, but you can get a head-start by submitting an inquiry form.

Select "Certificate of Deposit (CD)" under Savings Accounts, complete and submit the new account inquiry form and a Simmons banker will contact you to schedule your in-person visit. If you have any questions, please email support@simmonsbank.com or call 1-866-246-2400.

 

Ready to get started with the new account inquiry form?

* Indicates fields are required

Classic Checking Interest Checking Prosper Checking Simply Checking Affordable Advantage Checking
Simply Savings Money Market Savings Certificate of Deposit (CD)

Primary Owner

Ex. mm/dd/yyyy
Ex. ###-###-####
Ex. ###-###-####
Ex. joe@example.com

Employer Information

Ex. ###-###-####
Ex. ###-###-####

POD Beneficiary

Beneficiary designations will be split evenly amongst up to four beneficiaries as indicated below.

Joint (Secondary) Owner

Ex. mm/dd/yyyy
Ex. ###-###-####
Ex. ###-###-####
Ex. joe@example.com

Employer Information

Ex. ###-###-####
Ex. ###-###-####

POD Beneficiary

Beneficiary designations will be split evenly amongst up to four beneficiaries as indicated below.
Debit Card Checks Internet Banking

Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This federal requirement applies to all new customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities. This means when you open an account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them. Additionally, FinCEN has adopted what they describe as a “two pronged” approach to beneficial ownership. The ownership prong includes all-natural persons with 25% or more direct or indirect equity interest in a legal entity while the control prong is a single individual with significant managerial responsibility (the Rule says “control, manage or direct”) over the legal entity. We will ask to see each person’s driver’s license and other identifying documents,and copy or record information from each of them.

Simmons Bank Funds Availability Policy

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then the funds will generally be available by the second business day after the day of deposit.

*Simmons Bank operates in AR, KS, MO, OK, TN and TX. Online inquiries for new, non-existing accountholders are available only for residents of these states.

Sorry, we do not accept online inquiries for checking or savings accounts from new customers outside of these locations. Please contact us or visit a branch if you have any questions.