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It's Never Too Early to Learn How to Save

Introducing the Save10 Youth Savings Account

Save10 Youth Savings Account

By The Numbers:


Minimum Balance to Open


Opening Deposit Match{83}


Monthly Service Charge


APY{86} Higher Interest Earned on Standard Savings Rate

  • $0-$2,499
  • $2,500-$9,999
  • $10,000-$24,999
  • $25,000-$49,999
  • $50,000-$99,999
  • $100,000+

Earned for Every "A" on Report Cards (up to $10){84}


Bonus at Age 18 (if converted balance is over $100){85}


Paper Statements


Available to minors who have not passed their 17th birthday*

Learning to save at a young age opens up a world of opportunities and a lifetime of financial freedom. The Save10 Youth Savings account is specifically designed for elementary-aged children through a minor’s 17th birthday.


Open an account today. It's quick and simple. Just stop by a participating Simmons Bank branch in one of the following Arkansas locations:

Simmons Bank Round-Up

Round up your purchases to the next whole dollar amount and we'll deposit the difference in a second account of your choice such as this Save10 account.{21}

24-Hour Telephone Banking

Call 877-245-1234 for deposits and loans, or 800-272-2102 for credit cards to access your account any time.

Mobile Deposit

Deposit checks from your smartphone or tablet anytime, anywhere with no charge.{16}

  • {97} Benefits and features are subject to customer qualification and approval by Simmons Bank.
  • {1} Subject to approval. Restrictions apply.
  • {158} Federal Regulation D limits certain types of withdrawals and transfers made from a savings or money market account to a combined total of six per month or statement cycle of at least four weeks. These include transfers or withdrawals to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above, your account shall be subject to closure.
  • {83} Account balance must be at $10.00 or more on the third reward cycle, and the minor must not be passed the day of their 17th birthday at account opening. Rewards pay on the 26th (or next business day) of each month. Accounts opened on or before the 25th of each month will pay on the third statement cycle, accounts opened between the 26th and 31st will pay in the fourth statement cycle.
  • {86} Annual Percentage Yield (APY) is valid as of 10/10/19. Rates are subject to change after account opening. You must deposit $10.00 to open this account. Interest earned on the entire daily balance. Fees could reduce earnings on account.
  • {84} To obtain the report card benefit, customers must provide proof of grades in the branch via sealed or stamped report, for up to $10.00 in total reward value. The report card benefit will be paid at the close of the calendar school year and proof of grades should be submitted within 30 days of end-of-year (May/June) report card.
  • {85} The Save10 Youth Savings account will convert to a Simply Savings account when the primary owner turns 18. To obtain the conversion bonus at age 18, the customer must have an open, positive balance checking account or the customer must open a checking product within 60 days of their 18th birthday (conversion date) and have a positive balance of greater than $100 in their Save10 Youth Savings Account at date of conversion. Accounts will pay the conversion bonus 180 days post-conversion.
  • {96} Limit one account per minor under the age of 18.
  • {21} Available for personal accounts only.
  • {16} Data connection required. Wireless carrier fees may apply. Mobile deposit is available to Simmons Bank online and mobile baking customers who are at least 18 years of age and have the most recent Simmons Bank App for iPhone, iPad, or Android.