Simmons Bank Youth Savings

1 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. 2 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. 3 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. Conversion bonus will pay as follows: (1) If your balance is $100 to $249 reward will be $10; (2) If balance is $250 to $499 reward will be $25; (3) If your balance is $500 to $749 reward will be $50; (4) if your balance is $750 to $999 reward will be $75; and (5) if balance is $1,000+ reward will be $100. * Limit one account per minor under the age of 18.