Open your Youth Savings Account, and have a balance of $1000 or more by the age of 18 and get a $100 bonus!
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.
While we aim to provide accurate information, it may not always be up-to-date, as Simmons Bank can change the terms of the Savings bonus, or remove it entirely.