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Updated live from Wikipedia, last check: May 29, 2012 20:20 UTC (44 seconds ago)

From Wikipedia, the free encyclopedia

For the economic feature, see bank rate.
Bankrate, Inc.
Type Public
Founded 1993[1]
Headquarters North Palm Beach, Florida, U.S.
Area served U.S., Canada, China
Key people Thomas R. Evans, President and CEO
Industry personal finance
Revenue ▲ US$ 95.6 million (2007)
Operating income ▲ US$ 27.6 million (2007)
Net income ▲ US$ 20 million (2007)
Employees 277[1]
Website Bankrate.com

Bankrate, Inc. (NASDAQ: RATE) is a consumer financial services company based in North Palm Beach, Florida, in the United States.[2] Bankrate.com, perhaps its best known brand, is a personal finance website.[3]

Contents

History

Bankrate was founded in 1976 as Advertising News Service, Inc., a print publisher of the newsletter Bank Advertising News started by founding Publisher Robert K. Heady of Springfield, Massachusetts.[4] For the next twenty years it published newsletters, aggregated bank and credit products for newspapers and magazines and sold advertising for its Mortgage Guide and Deposit Guide.[5] At some point the company changed names to Bank Rate Monitor.[6]

In 1993 the company incorporated in the state of Florida.[5] In April 1995[4] the company moved its business to the Web where Bankrate.com debuted in 1996.[7] Today Bankrate also includes Interest.com, Mortgage-calc.com, Nationwide Card Services, Savingforcollege.com, Fee Disclosure and InsureMe.[8]

Services

In the fifty U.S. states, Bankrate monitors about 4,800 financial institutions.[1] This information is processed to generate leads for the institutions[9] and to provide consumers with comparisons of about three hundred different products such as mortgages, home equity loans, credit cards, automobile loans, checking and money market accounts, certificates of deposit, and online banking and ATM fees.[5]

Bankrate writers provide content to visitors to its website and to institutions and government agencies and for about one hundred newspapers in the U.S. including The Wall Street Journal, The New York Times and USA Today.[10] The website also offers calculators[6] for a variety of purposes such as computing home and auto loans.

"The Bankrate.com Personal Finance Minute" plays about two hundred times each day on XM Satellite Radio over Sirius XM, on Armed Forces Radio over the American Forces Network and on local stations.[11] Company data is referenced through partnerships like CNN Headline News, CNBC, AOL, Yahoo!, and Dow Jones MarketWatch.[11]

Bankrate China in the Mandarin language has launched but does not yet earn revenue as of early 2008.[5]

Honors

Bankrate writers have won awards from the Society of Professional Journalists at least three times, most recently in 2007 for their coverage of the Federal Reserve Open Market Committee's rate cut.[12] In 2008, Forbes named Bankrate #41 in its list of America's 200 best small companies.[13] Forbes previously had honored the website in its Best of the Web every year from about 1999 to 2005.[14]

References

  1. ^ a b c "Bankrate Inc.". BusinessWeek. The McGraw-Hill Companies. http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?symbol=RATE.O. Retrieved 2008-11-29.  
  2. ^ "Bankrate Q1 earnings up 26%". South Florida Business Journal. May 2, 2008. http://southflorida.bizjournals.com/southflorida/stories/2008/04/28/daily51.html. Retrieved 2008-11-25.  
  3. ^ "Contributors". MSN Money. Microsoft. http://articles.moneycentral.msn.com/Common/Contributors.aspx. Retrieved 2008-11-27.  
  4. ^ a b Schurman, Kyle (August 1999). "bankrate.com Solves Financial Mysteries". Smart Computing (Sandhills Publishing) 10 (8). http://www.smartcomputing.com/editorial/article.asp?article=articles%2F1999%2Fs1008%2F10s08%2F10s08.asp. Retrieved 2008-11-28.  
  5. ^ a b c d "Bankrate, Inc. FORM 10-K". BusinessWeek. The McGraw-Hill Companies. For The Fiscal Year Ended December 31, 2007. http://investing.businessweek.com/research/stocks/financials/drawFiling.asp?docKey=136-000119312508058760-1G92QPA9RE9HK0KE4DH0JO2PP0&docFormat=HTM&formType=10-K. Retrieved 2008-11-28.  
  6. ^ a b Peter C. Morse in Cunningham, G. Cotter (2004). Your Financial Action Plan. John Wiley & Sons via Google Books. pp. Foreword. ISBN 0471698083. http://books.google.com/books?hl=en&lr=&id=QpWbMXG55JQC&oi=fnd&pg=PR9. Retrieved 2008-11-28.  
  7. ^ "Investor FAQs". Bankrate. http://investor.bankrate.com/faq.cfm. Retrieved 2008-11-27.  
  8. ^ Bankrate (February 5, 2008). "Bankrate Announces Two Acquisitions: InsureMe, Inc. and Lower Fees, Inc.". Press release. http://investor.bankrate.com/releasedetail.cfm?ReleaseID=292170. Retrieved 2008-11-27.  
  9. ^ Mauritz, Rick Aristole (November 3, 2008). "Bankrate Is Not a Bank Stock". The Motley Fool. http://www.fool.com/investing/high-growth/2008/11/03/bankrate-is-not-a-bank-stock.aspx. Retrieved 2008-11-25.  
  10. ^ "Company Profile". Bankrate. http://investor.bankrate.com/. Retrieved 2008-11-27.  
  11. ^ a b "What we do". Bankrate. http://www.bankrate.com/coinfo/default.asp. Retrieved 2008-11-28.  
  12. ^ Society of Professional Journalists (April 14, 2008). "SPJ Announces the 2007 Sigma Delta Chi Award Winners". Press release. http://www.spj.org/news.asp?ref=787.   and "54th Annual Green Eyeshade Excellence in Journalism Award Winners". Press release. April 12, 2004. http://www.spj.org/news.asp?ref=363.   and "1999 Sigma Delta Chi Award Honorees". http://www.spj.org/sdxa1999.asp. Retrieved 2008-11-30.  
  13. ^ "#41 Bankrate". Forbes.com. Forbes Digital. October 8, 2008. http://www.forbes.com/lists/2008/23/biz_200smalls08_Bankrate_RGA0.html. Retrieved 2008-11-28.  
  14. ^ "Award-winning content". Bankrate. http://www.bankrate.com/coinfo/awards.asp. Retrieved 2008-11-28.  

External links

Other Bankrate.com owned properties:








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