Bank OZK News & Insights

05 Dec 2016

11 Ways to Keep From Spending Too Much During the Holidays

Thanksgiving, Black Friday, and Cyber Monday may be behind us, but there are still several weeks left to the holiday—ahem “shopping”—season.  Here’s a few ways I plan to put more cheer and less cost in my holidays. Budget: Step numeral uno is to set a budget and stick to it.  I’m going to limit my […]

28 Nov 2016

“Too good to be true?” Consider Consolidating your Credit Card Debt with a Personal Loan.

You’ve probably heard those credit counseling radio ads that start, “Do you feel like you’re swimming in credit card debt and you’re worried the high interest rates might drown you?”  And you may even relate to what they’re saying because, according to Money Magazine, the average American between the ages of 18 and 65 has […]

21 Nov 2016

Feeling Thankful? Here’s Six Gift Ideas that can Emphasize Your Gratitude

You’re thankful for a lot this year. Here’s a few things you can add to thank you notes to show how appreciative you are: VISA Gift Cards:  Whether it’s a neighbor who helped pick up your mail while you were on vacation or a soldier you’d like to thank for their service, a VISA gift […]

14 Nov 2016

Which is Better? A Roth or Traditional IRA

I once heard a financial professional say to a small audience, “You don’t have to pay taxes on withdrawals made from a Roth IRA, so I don’t know why anyone opens Traditional IRAs.”  I cringed when I heard this because I could think of dozens of scenarios where a Traditional IRA might outshine a Roth.  […]

07 Nov 2016

How to Continue Banking on a Holiday

Holidays are a time for relaxation, friendship, and good food, yet life doesn’t completely stop.  Sometimes you need to perform a little banking between the noon nap and 5 p.m. turkey dinner.  Or worse, sometimes you don’t even get the day off, meaning you may need cash for lunch or you have checks to deposit […]

31 Oct 2016

How to use a Secured Credit Card to Establish Credit

I’m not sure when I first learned that the length of your credit history is an important factor in determining your credit score, but I know I learned it early because I applied for my first credit card while in high school, purely in an attempt to establish good credit.   It would have been a […]

24 Oct 2016

Remodeling Your Home Might Really Pay Off

Years ago when I was speaking with a contractor about remodeling my first house, he fed me a sales line that went something like this: “Spending money on your house is like putting money in the bank; you’ll get it back later.”  I chalked that little line up to exactly what it was—a ploy to […]

17 Oct 2016

How I Use Automatic Transfers to Budget and Save Money

When it comes to saving, it’s best if you don’t have to think about it.  This is why my wife and I direct deposit into our savings account instead of our checking.  From there we have a specified amount, which is less than what we earn, automatically transferred to our checking account.  It’s the opposite […]

11 Oct 2016

Bank of the Ozarks, Inc. Announces Record Third Quarter 2016 Earnings

This morning, Bank of the Ozarks reported record income of $76.0 million for the third quarter 2016. This marks a 64.8% increase over net income of $46.1 million for the third quarter of 2015. For the nine months ended September 30, 2016, net income totaled $182.2 million…

10 Oct 2016

Have You Set Your ATM Preferences?

As many times as I’ve used Bank of the Ozark’s ATM machines, I only recently noticed the little ATM preferences option at the bottom of the screen.  I guess I normally have someone in line behind me, or I’m in a hurry, or maybe I’m just not very observant, but I actually thought it was […]

03 Oct 2016

Sending Money to Friends and Family is Now Cheap and Easy

Years ago, when I was working in northern Wisconsin, a Native American friend told me there are four primary virtues in life: courage, strength, wisdom, and generosity.  She said that every person is born with one of these virtues and it is our purpose to find the other three.  I’ve always thought generosity is the […]

26 Sep 2016

Do You Need to Balance Your Checkbook?

“Young people can’t even balance a checkbook!” my grandfather once commented about the lack of financial literacy in America.  I know that our country’s lack of financial education is indeed a problem, but his comment didn’t sit well with me.  I come from a different generation than him.  He watches cable TV; I watch Netflix.  […]