Bank of the Ozarks News & Insights Blog

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 […]

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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 […]

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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 […]

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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…

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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 […]

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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 […]

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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.  […]

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19 Sep 2016

Is it Time to Change Your Personal Identification Number?

I recently ran across a study by DataGenetics that analyzed several exposed password databases to determine the 20 most-used personal identification numbers (PIN) by debit card holders.  The results of the study didn’t surprise me, I mean, of course 1234 is the most used PIN!  But what did strike me was that because a debit […]

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12 Sep 2016

Can Refinancing Your Mortgage Help You Retire Sooner?

My mother retired last week, and oh how much better her life has instantly become.  She no longer needs to use an alarm clock.  She has time to keep a better exercise routine and pursue her creative energies.  She can travel or nap or babysit whenever she wants.  Having continuously had a job since high […]

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29 Aug 2016

How to Save for K-12 Private School Tax Free!

Most parents have heard of a 529 College Savings Plan, which is an investment account that lets you save for future college costs while reducing your tax liability, but very few know there’s a similar way to save for K-12 private schooling.  It’s called a Coverdell Education Savings Account (ESA). A Coverdell ESA is a […]

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24 Aug 2016

Introducing CardValet: Account Security In The Palm Of Your Hand

We are very pleased to announce CardValet for Bank of the Ozarks’ debit card users. CardValet offers you security, control and alerts features in real-time right from your mobile device. With CardValet and your Bank of the Ozarks debit card, you can: Lock and unlock your debit card with a few taps on a smart phone. Get real-time…

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22 Aug 2016

How to Read a Credit Report

Most of us know it’s a good idea to check your credit report at least once a year.  That’s why so many people sign up for My Choice Checking; account holders who have direct deposit can opt to get a free detailed credit report every 90 days with IDProtect®.  The question most people have isn’t […]

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