Monday, March 22, 2021

Just Tap, Bank, and Smile with Mobile Banking at First Bank of the Lake!

  • Are you looking for an EASIER way to go about your banking? 
  • Tired of driving to the bank EVERY time you have to deposit a check?
  • Wishing there was a way to just transfer funds with the touch of a button?
  • Want to be able to check your balance from ANYWHERE?
Wish granted! Our bank in Osage Beach is here to tell you about the convenience you get when you choose Mobile Banking, in this week's blog. If you end up having any questions, please give us a call today. First Bank of the Lake can be reached at (573) 348-2265.


Just Tap, Bank, and Smile with Mobile Banking at First Bank of the Lake!


On the go? So are we. Bank with us anytime.  Just Tap, Bank and SMILE.

With the First Bank of the Lake Mobile Banking app, you get: “Must-Have” Mobile Banking Features:


Mobile Deposit

Deposit checks with your mobile device. Simply take a photo of your check and securely submit your deposit for processing. It's fast, free, and at your fingertips.


Payment & Transfers

Enjoy convenient access to Bill Pay and Transfers functionality. Whether it is a recurring payment or a one-time payment, we make paying your bills hassle free. Schedule payments to companies and people, or securely move money between your accounts.


Ease of Use

Check balances & transactions

Give yourself the confidence that comes from knowing exactly where your finances stand by getting a look at all your accounts. View real-time balances, transaction history, and recent and pending transactions.


Instant Balance

Enable Instant Balance to securely preview your balance without logging in.

Enroll today.

  • Go to the Apple Store or Google Play
  • Search for First Bank of the Lake or FBOL mobile.
  • Download the FBOL mobile app
  • Enter your Online Banking User ID & follow the prompts. It’s that simple!


Secure Login

Logging in from your mobile device is simple and very secure. In fact, our mobile login uses the same multi-layer security that’s used as if you’re logging in from your desktop computer. We confirm your credentials along with the device you are using. You can also securely sign in with Touch ID® and Fingerprint Authentication.

 

Your cell phone provider may charge additional fees for Web access or text messages. You must first enroll in Online Banking and download the FBOL mobile app.



Have Any Questions About Mobile Banking at First Bank of the Lake?

If so, we are here for you! We pride ourselves on offering the best customer service to all of our customers. First Bank of the Lake puts you FIRST. That is the way it should be. Do not hesitate to give us a call today at (573) 348-2265. You can also stay up to date on the latest banking products we offer to make our customers' lives EASIER, by following us on our social media channels listed below.




First Bank of the Lake - Striving For Excellence
Member FDIC. 


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265
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Location: Osage Beach, MO 65065, USA

Friday, March 19, 2021

What Are Your Savings Goals?

What are you saving for this year, a house, a car, or maybe a boat? Whatever your savings goal may be, have you thought about developing a plan to actually make that happen? If not, this is the blog for you. Our bank at the Lake of the Ozarks is here to give you a few helpful tools and terms to use and think about when it comes to meeting your savings goals, in this week's blog. If you would like to learn more about the Free Kasasa Saver® we offer that helps you build your savings automatically, please give us a call today. First Bank of the Lake can be reached at (573) 348-2265.


Savings Goal Calculator


Planning a sabbatical? Saving for a down payment on a house? What will it take to reach your financial goal? Check out our Savings Goals Calculator to help you find out.


It’s easy, Just enter in your savings plan and view graphically your financial results. Click the view report button to get more information about your plan, and what you can do to help ensure that it is on track.


Below are some handy definitions to help you understand how to meet your saving goals. 


Savings goal

The amount you wish to have in savings at the end of this savings plan.


Target years to save

The number of years you have to save.


Amount currently saved

Total you currently have saved toward this savings goal.


Monthly savings

The amount you will contribute each month to your savings. This calculator also assumes that you make your contribution at the beginning of each month.



Expected rate of return

This is the annually compounded rate of return you expect from your savings or investment. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2020, had an annual compounded rate of return of 13.8%, including reinvestment of dividends. From January 1, 1971 to December 31st 2020, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.8% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.


Expected annual inflation rate

This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2020 the CPI has a long-term average of 2.9% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For 2020, the last full year available, the CPI was 1.2% annually as reported by the U.S. Bureau of Labor Statistics.


* Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


Meet Your Savings Goals With First Bank of the Lake!

Your savings needs are important and we want you to MEET your goals. If you've got a goal in mind, but you're not quite sure how to get there, please give us a call. We are more than willing to walk you through different savings accounts and tools we offer that can help get you there! Call (573) 348-2265 today. Be sure to follow us on our social media channels listed below to stay up to date on our latest savings products and tools.




First Bank of the Lake - Striving For Excellence
Member FDIC. 


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265
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Location: Osage Beach, MO 65065, USA

Friday, March 12, 2021

Personal Loans: Loans Fit For You & Your Lifestyle!

Here at First Bank of the Lake, we put YOU first! That being said, what does your dream lifestyle look like? Does it involve buying a new car, boat or RV? If so, this is the blog for you! Our bank at the Lake of the Ozarks is here to give you everything you need to know about our personal loans that were created to fit you and your lifestyle, in this week's blog. If you have any questions call First Bank of the Lake today. We can be reached at (573) 348-2265.



Auto Loans

Put yourself in the driver’s seat with an auto loan from First Bank of the Lake.

With competitive loan rates, affordable monthly payments and local service, we make it easy to maximize your buying power for your new or pre-owned car, truck or SUV.

Our bankers will steer you in the right direction to find the loan payment you can afford. We offer a range of options that make it easy to buy your dream car.

Hit the road with a great low rate!

  • Competitive loan rates.
  • Flexible terms up to 60 months.
  • Affordable monthly payments.
  • Interest rate discount available with automatic payments.
  • Payment pre-approvals for more bargaining power.
  • Low origination fees.
  • Refinancing options available.
  • Online access to your loan with Online and Mobile Banking.
  • Fast, local decision-making from experienced bankers.
  • Personal service for the life of the loan.


Boat Loans

We know how to have fun at the lake.

Whether your dreaming about reeling in the big one, skiing across the glistening water, or just kicking back and cruising the beautiful shorelines we’re ready to get you on the water!

Our loan pros can help chart your course with financing options you would expect from a bank that puts you first!

We can help you set sail in your new boat!

  • Competitive loan rates.
  • Affordable monthly payments.
  • Interest rate discount available with automatic payments.
  • Low origination fees.
  • Payment pre-approvals for more bargaining power.
  • Refinancing options available.
  • Online access to your loan with Online and Mobile Banking.
  • Fast, local decision-making from experienced bankers.
  • Personal service for the life of the loan.


Recreational Vehicle Loans

We know you want all the toys, and an affordable loan from First Bank of the Lake can help you get them.

No matter what gets you excited…off-roading, hunting, camping or watersports, get away from it all in style! 

Let our lenders be your guide with competitive rates, fast approvals, and local decisions.

  • Competitive loan rates.
  • Affordable monthly payments.
  • Interest rate discount available with automatic payments.
  • Low origination fees.
  • Refinancing options available.
  • Payment pre-approvals for more bargaining power.
  • Online access to your loan with Online and Mobile Banking.
  • Fast, local decision-making from experienced bankers.
  • Personal service for the life of the loan.


Whether you’re looking for a new vehicle, tackling home improvements or covering unexpected life expenses, get the money you need for the things you want! We work to put your needs first and will help you find a personal loan to make a difference in your life. Give us a call at the number listed below today.




First Bank of the Lake - Striving For Excellence
Member FDIC. 


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265
at No comments:
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Location: Osage Beach, MO 65065, USA

Tuesday, March 2, 2021

Common Mortgage Terms to Know: Part 2

It's that time again! Our bank at the Lake of the Ozarks started a monthly blog series last month, where each month we go over common mortgage terms that are VERY important to know. You'd be surprised what you don't know about the mortgage world. If you ever want to own a home or buy a vacation home at the Lake of the Ozarks, this is the blog series you need to be reading. To catch up and read last month's blog, visit HERE. If you have any questions or would like to set up a meeting and speak with one of our mortgage lenders in Osage Beach, please call (573) 348-2265.


Common Mortgage Terms to Know: Part 2


Balloon Mortgage

A mortgage that has level monthly payments that will fully amortize it over a stated term, but which provides for a lump-sum payment to be due at the end of an earlier specified term.


Bankruptcy

A proceeding in a federal court in which a debtor, who owes more than his or her assets, can discharge personal liability for his or her debts. This affects the borrower's personal liability for a mortgage debt but not the lien of the mortgage.


Biweekly Mortgage

A mortgage with payments due every two weeks, totaling 26 payments a year.


Borrower

A person (also known as mortgagor) who receives funds in the form of a loan with an obligation to repay principal with interest.


Bridge Financing

A loan spanning the gap between the termination of one loan (generally short-term) and the start of another (generally permanent long-term) loan. Also referred to as gap financing.


Bridge Loan

A form of second deed of trust or mortgage that is collateralized by the borrower's present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold.


Buydown

Money advanced by an individual (builder, seller, etc.) to reduce the monthly payments for a home mortgage either during the entire term or for an initial period of years.


Buying Your First Home This Year at the Lake of the Ozarks?

If so, congratulations! Now, let's make sure you have the best mortgage options to work for you and your loved ones. Our mortgage loan officers would be happy to sit down with you and discuss your options. We can be reached at the phone number listed below. You can also follow us on our social media channels listed below to stay up to date on our latest announcements. First Bank of the Lake puts YOU first. From mortgage loans and car loans to free checking accounts and savings accounts that help you BUILD your savings automatically, we have you covered!





First Bank of the Lake - Striving For Excellence
Member FDIC. 


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265
at No comments:
Labels: , ,
Location: Osage Beach, MO 65065, USA
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