ICYMI: Bankrate announced the winners of the 2025 Bankrate Awards, recognizing top-tier financial products and honoring visionaries shaping the landscape of personal finance. This year’s awards highlight the best of the best in credit cards, banking, lending and more, so that everyone can find winners for their wallet. “The Bankrate Awards are a trusted badge of excellence that give consumers the confidence to know they’re making smart financial decisions,” said Lance Davis, Vice President of Content. “The sheer number of financial products to choose from can be overwhelming – that’s why the Bankrate editorial team spends hundreds of hours doing the research, so that consumers don’t have to.” For more information on the 2025 Bankrate Awards: https://lnkd.in/eTHsvM4a
Bankrate
Consumer Services
Charlotte, North Carolina 19,563 followers
Guiding you through life’s financial journey.
About us
Founded in 1976, Bankrate is the trusted authority on personal finance and has an extensive track record of helping consumers navigate the pivotal steps of their financial journey. Bankrate offers product comparison tools, calculators, editorial content and more to help savers and spenders reach their goals. Whether you’re looking to secure a mortgage, open a savings account or pinpoint the right credit card, you can depend on Bankrate to guide you in the right direction. Bankrate, LLC NMLS #1427381 BR Tech Services, Inc. NMLS #1743443 Nmlsconsumeraccess.org/
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http://www.bankrate.com
External link for Bankrate
- Industry
- Consumer Services
- Company size
- 501-1,000 employees
- Headquarters
- Charlotte, North Carolina
- Type
- Public Company
Locations
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Primary
Charlotte, North Carolina 29707, US
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100 5th Ave
New York, NY 10011, US
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1645 Palm Beach Lakes Blvd
Ste 1200
West Palm Beach, Florida 33401, US
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9430 Research Boulevard, Suite 400
Austin, TX 78759, US
Employees at Bankrate
Updates
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Bankrate reposted this
It’s officially that time of year when no one knows what year (or day) it is. Companies and teams are spending so much time setting plans and looking to the future in 2025 that they might feel as if it’s no longer 2024 already. But to workers, it can come with a clear advantage — namely, an opportune time to consider negotiating for a raise. I've written extensively about why prices will never -- and should never -- retreat back to pre-pandemic levels. Deflation would mean that there's something seriously wrong with the economy. All of that means, workers will have to rely on their wages catching back up to feel better. And they’re not there yet: 59% of workers said in Bankrate's 2024 Pay Raise Survey that their incomes haven't kept pace with price increases over the past 12 months. While the job market isn't in dire straits, hiring is slowing, and fewer workers are job-hopping and reporting big pay gains — meaning the easiest path to getting a raise may be with your current employer. Here are some strategies to consider: 1️⃣ Focus on performance-based compensation rather than hoping for a cost-of-living adjustment. 2️⃣ Identify your secret weapon—what sets you apart? 3️⃣ Speak your company's language—how does your work drive success? 4️⃣ Research to determine a fair salary range for your role and location. 5️⃣ If negotiations stall, seek more frequent performance reviews to discuss growth. Remember, talking about money is never easy. But your company has likely had the experience of other employers negotiating before, meaning it's likely not going to catch them by surprise. And remember, the worst they can do is say no. When comparing the awkwardness of negotiating with the prospect of continuing to be underpaid, it's clear which comes with the greater opportunity cost. If you have any additional tips or advice, please leave a comment! Read more: https://lnkd.in/epEf4UPC
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The conversation around personal finance continues to grow, fueled by influencers and online communities. These innovators are using their platforms to reshape the financial landscape and help others reach their financial goals. Congratulations to the 2025 Bankrate Visionaries! 🎉👏 Read more on their impact: https://lnkd.in/eq6skpTB
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Bankrate reposted this
How are you feeling about your financial prospects in 2025? Do you have any New Year's resolutions on this front? We surveyed Americans about their outlook for the year ahead. The good news: Some 44% say they believe their financial situation will improve in 2025. That’s the most that we’ve seen in recent years. Still, over half believe their finances will not get any better in the year ahead. Survey link: https://lnkd.in/gFhNNqM7 In his video, I share what plans or resolutions people have regarding their finances in the year ahead. Please share your thoughts and or helpful advice for others in the comments section below. And, good luck identifying and achieving your goals!
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The 2025 Bankrate Awards have arrived! 🎉 From top banks and financial advisors to credit cards, we’ve got everything you need. Check out our personal finance winners: https://lnkd.in/ekJs6AUq
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The highly anticipated November Consumer Price Index is set to release this week. The inflation report will be released this Wednesday, December 11, ahead of the last Federal Reserve meeting of 2024. Bankrate Chief Financial Analyst Greg McBride, CFA breaks down what he is expecting from this report and what it could signal about the state of inflation.
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Are you planning to give any holiday tips this year? According to a new Bankrate survey, more Americans are planning to tip their service providers this holiday season. However, median tip amounts remain flat year over year for the majority of these service providers (housekeepers, teachers, childcare providers, landscapers, mail carriers, and trash/recycling collectors). Younger generations tend to be more frequent and more generous holiday tippers than older cohorts across multiple service categories, while among holiday tippers, the most popular motivation for tipping is "to say thank you" (80%), "Holiday tips are a nice way to show your appreciation for hardworking people who have helped you throughout the year,” notes Bankrate Senior Industry Analyst Ted Rossman. “If you can't afford to tip everyone, consider who went above and beyond to make your life easier. Pooling resources with community members — such as a class gift for your kids' teachers — can be a good way to broaden the impact and limit the awkwardness of how much each individual family contributed." For more on holiday tipping, please visit: https://lnkd.in/ePWeX7uu
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Bankrate reposted this
The November employment report provides some reassurance after the negative mix of hurricanes, flooding, and strikes restrained the hiring data for the previous month. As many economists expected, the unemployment rate rose slightly to 4.2%, while nonfarm payrolls rose by 227k jobs. Upward revisions for October and September add a total of 56k jobs. How does this figure into the Federal Reserve's decision-making later this month? Here's more on the jobs report:
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Bankrate reposted this
Is the job market cracking – or just freezing up? 🥶 The job market isn't falling apart, but many Americans seeking career advancement may feel like they're hitting a standstill. Recent data shows over 3 in 5 workers (61%) received a pay increase in the past year, either by finding a better-paying job, receiving a pay raise at their current job or both, according to Bankrate’s annual Pay Raise Survey for 2024. That’s down slightly from 64% in 2023 and consistent with 2022 figures. Yet, those who earned pay raises by switching jobs decreased to 20% in 2024, a drop from 26% in 2023. Workers were more likely to see a pay bump by staying in their current roles (49%), with 8% enjoying both a raise and a new, higher-paying job. This suggests workers have maintained some of their post-pandemic bargaining power, but the days of switching jobs for big pay gains — echoing trends from the red-hot job market of 2022 — might be behind us. Job openings have returned to pre-pandemic levels after peaking at 12 million in the spring of 2022. Job switchers and stayers are also now earning nearly identical pay increases, indicating it’s less lucrative to jump ship for a new role, according to the Federal Reserve Bank of Atlanta. Many have speculated that we’re returning back to a job market similar to that of the pre-pandemic era in 2019. But there are some data points flashing warning signs, suggesting that the job market might be worse in some corners than it was before the outbreak. For starters, unemployment is higher than pre-pandemic levels, and the number of Americans facing “long-term unemployment” is the highest since 2017. This job market is a fascinating one, both from mechanics and perception. The Great Resignation era was unsustainably hot, and rebalancing it was partially a reason why the Fed thought it was necessary to raise interest rates. Unemployment is also nowhere near as high as it was during periods like the Great Recession or coronavirus pandemic, yet it’s testing the patience of jobseekers who are wanting a change or unemployed Americans who are looking for a job. What do you think about these findings? The job market is healthy — but for whom? Let me know your thoughts, and explore our latest consumer poll. https://lnkd.in/eyP7YdvC
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Did you get a pay raise this year? 💸 According to a new Bankrate survey, 61% of workers received a pay increase over the past 12 months (i.e. since October 2023), down from 64% last year. Workers received a pay raise in 2024 either by finding a better-paying job (12%), earning a raise at their current position (41%), or both (8%). Of those in the workforce, younger workers were more likely to say they found a better-paying job in the past year, with 32% of Gen Zers and 26% of millennials saying as such, compared to 15% of Gen Xers, and 6% of baby boomers. “The U.S. job market isn’t melting down. Rather, it might be best described as ‘frozen in place,’” says Bankrate Economic Analyst Sarah Foster. “Employment data tells us that workers aren’t getting laid off, but they also aren’t getting hired as quickly, either. Bankrate’s survey is the latest showing that a growing share of workers are deciding just to stay put, perhaps driven by job security fears.” https://lnkd.in/gdtXxGPf
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