First of all, what is a CD? It’s not the shiny music-containing disk of yesteryear that you may be envisioning. A CD, or Certificate of Deposit, is a type of savings account that has a fixed interest rate and a fixed withdrawal date (aka maturity date). How is a CD different? With a normal savings account, you can deposit and …
Our presidents letters to State Bank customers
Message from the President – To all State Bank of Kansas customers, First off, I want to welcome you to our family here at FirstOak Bank as new customers. We are excited to have “your bank become our bank.” Jac and Paula retired effective May 3rd, and we wish them well in their travels. The same State Bank staff will …
Here are 3 alternative ways to pay
In the early days of civilization, we paid for things with the barter system. Then there was cash and credit cards. Now payments are transitioning more into the web enabled world – through services like PayPal, Apple, Amazon and more. All three platforms including PayPal, Apple Pay and Amazon Pay were developed as a trusted e-commerce web based platform and also have …
Congratulations Brad!
Kudos to Brad Oakes our CEO on his recent appointment to Chairman of the Banker’s Bank of Kansas. Bankers Bank services the Majority of Kansas’s community banks statewide, and is an integral partner to the future of community banking.
Learn more about ATM skimming
Skimming is form of identity theft involving debit cards. Skimming is accomplished in a number of ways but always involve capturing both the information on the magnetic strip on your debit card and your pin you use to complete a debit transaction. Thieves place electronic devices over top of debit ATM machine swipers to intercept the information that is stored on …
Keep Calm & Save Money! Make your New Years Resolution to save big!
Here are 5 Ways to Save in 2018! 1. Make your coffee at home According to Business Insider, if you buy coffee you spend $1-$5/cup whereas brewing a cup of coffee at home costs ~17 cents/cup. In other words, purchasing coffee every work day costs you $240-$1200/year and making your own coffee only costs about $45/year. Brewing coffee at home …
Cookies with Santa
Come enjoy cookies with Santa Thursday, December 8th 3:30 p.m.-5:30 p.m. FirstOak Bank 113 North Penn. Avenue
4 SCARY Financial Statistics (and how to avoid becoming one of them)
Here are 4 Frightful stats to avoid with your finances this trick or treat season! 1. One third of Americans only make the minimum payment on their credit cards each month. Making the minimum credit card payment means that you pay more interest! Carrying a high balance can also hurt your credit score because of the high utilization rate. Only …
Pay and be paid faster than ever with these apps
It seems like we always owe someone money whether it’s for pizza Friday night or to chip in on mom’s birthday present. As technology continues to improve, there are several quick and easy ways to transfer money. But which of these options are the best? Here we weigh the pros and cons of 4 money transfer systems. Your FirstOak Bank …
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