Simmons Bank Round-Up program streamlines
saving for customers
LITTLE
ROCK, Ark., Dec. 18,
2024 /PRNewswire/ -- Simmons Bank announced today its
automatic savings program, Round-Up, allowed customers to save
nearly $5.5 million during the first
eleven months of 2024. More than 25,000 customers utilized the
program during this period.
According to a Bankrate survey released earlier this year,
59 percent of U.S. adults are uncomfortable with the amount of
emergency savings they currently have and 27 percent have no
emergency savings – the highest percentage since 2020.
"The Simmons Bank Round-Up savings program makes saving
effortless for our customers by automating the process, allowing
them to steadily contribute toward their rainy day or financial
goals," said Joshua Jensen, chief
deposit officer at Simmons Bank. "With this program, customers can
save effortlessly – rounding up each debit card transaction and
automatically adding to their savings, all without the extra time
or effort."
Established in 2014, the Simmons Bank Round-Up program is
designed to reduce the effort needed to save by automating the
process when customers use their debit card to conduct a purchase.
With each debit card purchase made by a customer who is enrolled in
the program, Simmons Bank rounds the transaction up to the nearest
whole dollar and deposits the "change" into a Simmons Bank savings
or checking account of the customer's choice.
Simmons Bank
Simmons Bank is a wholly
owned subsidiary of Simmons First National Corporation (NASDAQ:
SFNC), a Mid-South based financial holding company that has paid
cash dividends for 115 consecutive years. Simmons Bank operates 234
branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers
comprehensive financial solutions delivered with a client-centric
approach. In 2024, Simmons Bank was recognized by U.S. News
& World Report as one of the 2024-2025 Best Companies to
Work For in the South and by Forbes as one of America's
Best-In-State Banks 2024 in Tennessee and America's Best-In-State
Employers 2024 in Missouri.
Additional information about Simmons Bank can be found on our
website at simmonsbank.com, by following @Simmons_Bank on X
(formerly Twitter) or by visiting our newsroom.
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SOURCE Simmons Bank