Simply Savings
Leverage interest, build savings. It's that simple.
- No fee or limit on withdrawals
- Earn interest on entire daily balance
Saving made simple:
Open with a minimum balance of $100.
Maintain a $100 minimum daily balance to waive $5 monthly service charge.
Enroll in eStatements to waive a $3 monthly paper statement fee.
Earn interest on entire daily balance in tiers:
- $0–$2,499
- $2,500–$9,999
- $10,000–$24,999
- $25,000–$49,999
- $50,000–$99,999
- $100,000+
Enjoy no fee or limit on monthly withdrawals.
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.
Round up your purchases to the next whole dollar amount and we'll deposit the difference in a second account of your choice.{21}
Save a trip to the bank. Deposit checks from your smartphone or tablet anytime, anywhere with no charge.{16}
Simply Savings FAQs:
There is a $5 monthly service charge, but this fee is waived if the $100 minimum daily balance is met.
There is a $3 quarterly fee for paper statements, but this fee is waived if enrolled in eStatements only.
A minimum deposit of $100 is required to open this account. You can fund it by connecting a bank account during the opening process, using mobile deposit, Zelle, or visiting a branch. If the account is not funded within 45 days, it will be closed.
Yes! There is no fee or limit on monthly withdrawals from this account.
If a withdrawal causes your daily balance to drop below $100, you will no longer be eligible for the monthly service charge waiver for that month.
Our Simply Savings account pays a tiered, variable rate of interest. Interest rate subject to change daily. Interest rate is subject to change at any time.
If you are opening your account in a branch, you can get a debit card in-branch. If you are opening your account online or would like to receive your debit card via mail, you will typically receive your debit card in 3–5 business days from the date we verify your physical address.
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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{213} Early Payday applies to direct deposit and other Automated Clearing House (ACH) deposit transactions, and is dependent on when the payer’s payment instructions are received by Simmons Bank. Simmons Bank will generally make funds from these deposits available the same day payment instruction is received or two days before the listed effective date of the payment, whichever is later. Simmons Bank reserves the right to terminate or change this practice without any notice to you and to place any restrictions or limits Simmons Bank deems necessary.
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{21} Available for personal accounts only.
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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™.