Simmons Bank Round-Up program
streamlines saving for customers
LITTLE
ROCK, Ark., Dec. 20,
2023 /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 2023. More than 26,400 customers utilized the
program during this period. Compared to the same timeframe in 2022,
dollars saved increased by nearly 6 percent.
According to a Bankrate survey released earlier this year, 57
percent of U.S. adults are uncomfortable with the amount of
emergency savings they currently have to cover three months of
expenses. Nearly one in four (22 percent) of U.S. adults have no
emergency savings at all, the second lowest percentage in 13 years
of polling. The survey also noted that almost one-third (31
percent) of Gen Zers (ages 18-26) do not have emergency savings –
more than twice as many as the 15 percent of Baby Boomers (ages
59-77) who have no emergency savings.
"Successful saving is all about the habit. Simmons Bank Round-Up
Savings program provides automated savings for our customers,
making it easier to consistently contribute to their rainy day or
savings goals," said Joshua Jensen,
chief deposit officer at Simmons Bank. "Our Simmons Bank Round-Up
savings program helps customers eliminate the time and effort to
save, by putting it on 'auto-pilot,' and adding to their savings
with each debit card transaction."
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
114 consecutive years. Simmons Bank operates 232 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 2023, Simmons Bank was recognized by Forbes as
one of "America's Best Midsize Employer" and among
the "World's Best Banks" for the fourth consecutive
year. In 2022, Simmons Bank was named
to Forbes' list of "America's Best Banks" for the
second consecutive year. 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