Simmons Bank has over 200 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.

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The bottom line: Simmons Bank could be a great choice if you’re considering opening a Simmons Bank Coin Checking Account or Simmons Bank Certificate of Deposit at a brick-and-mortar bank in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, or Texas. The bank pays low interest rates on savings and money market accounts, though.

Overall bank rating

Feature
Insider rating (out of 5)

Savings
3.5

Checking
3.75

CD 
3.5

Money market account
3.5

Trustworthiness
4

Total
3.75

Pros and cons

Pros
Cons

Free checking account with $0 minimum opening deposit

Solid interest rates on CDs

Possible to waive monthly service fees on savings and money market accounts

Low interest rates on savings and money market accounts
Monthly service fee on savings and money market accounts
$100 minimum opening deposit on savings account

Simmons Bank Simply Savings Account

You might find the Simmons Bank Simply Savings Account appealing if you are able to open your account with at least $100 and maintain this amount daily. 

On the other hand, if you don’t think you’ll meet these requirements, our best savings account guide includes free savings accounts with lower minimum opening deposits and higher interest rates.

Simmons Bank Coin Checking Account

The Simmons Bank Coin Checking Account is an overall strong checking account. It charges zero monthly services and has a $0 initial opening deposit — just make sure to make a deposit of any amount within the first 45 days, or the account will be closed by the bank.

The one downside to the checking account is it doesn’t …read more

Source:: Business Insider

      

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