Bankrate: Guiding you through life's financial journey (2024)

FAQs

What is the slogan of bankrate? ›

Guiding you through life's financial journey.

To empower people to make smarter financial decisions.

Yes, it's legit. Bankrate was founded in 1976 as the Bank Rate Monitor and is headquartered in New York, NY. It aggregates rate information from over 4,800 institutions on more than 300 financial products. It's used by 100 million people every year.

Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

The Bankrate promise

The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return. If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double. In this case, 18 years.

Description: Bank rates influence lending rates of commercial banks. Higher bank rate will translate to higher lending rates by the banks.

Banks accept deposits from consumers and businesses and pay interest in return. They use deposits to issue loans and earn interest. A bank generates income when the interest it earns from loans exceeds the interest paid on deposits.

The trusted name in personal finance since 1976

Bankrate was founded in 1976 as Bank Rate Monitor, a print publisher for the banking industry, and was acquired by Red Ventures in 2017.

What rate is too high for a personal loan? ›

Avoid loans with APRs higher than 10% (if possible)

According to Rachel Sanborn Lawrence, advisory services director and certified financial planner at Ellevest, you should feel OK about taking on purposeful debt that's below 10% APR, and even better if it's below 5% APR.

Bankrate's competitors and similar companies include SmartAsset, Credit Sesame, LendingTree, Lendio and Credit Karma. Bankrate, Inc. is a consumer financial services company. SmartAsset is a personal finance technology company that uses financial modeling to power advice on major financial decisions.

New York, NY

Bankrate / Headquarters

A rise in interest rates automatically boosts a bank's earnings. It increases the amount of money that the bank earns by lending out its cash on hand at short-term interest rates.

Commonwealth Bank of Australia has unveiled its long-delayed brand advertising campaign, ignoring the long-running "Which bank?" slogan in favour of the new line "Every day's a new day" and introducing a series of ads designed to convince consumers that the bank is focusing harder on its customers.

First for each other, then for the bank, and then for ourselves.

AIG – We know money.