NEW YORK, Dec. 2, 2011 /PRNewswire/ -- Bankrate, Inc. (NYSE: RATE), in accordance with its obligations under the underwriting agreement entered into relating to its recent initial public offering, today announced that Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, the lead book-running managers of Bankrate's recent initial public offering, have agreed to waive lock-up restrictions with respect to up to 302,128 shares of common stock of Bankrate held by certain officers of the Company to permit them to sell such shares in the offering described in Bankrate, Inc's Registration Statement on Form S-1 (File No. 333-178132) initially filed with the Securities and Exchange Commission on November 23, 2011. The waiver will take effect on December 6, 2011, and the shares may be sold on or after such date.

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This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

About Bankrate, Inc.
Bankrate is a leading publisher, aggregator and distributor of personal finance content on the Internet. We provide consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.com, CreditCards.ca, NetQuote, and CD.com. We aggregate rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, we generate over 172,000 distinct rate tables capturing on average over three million pieces of information daily. We develop and provide web services to over 75 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC and Bloomberg. In addition, we license editorial content to over 100 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times and The Boston Globe.

[ www.bankrate.com ]

For more information contact:

Edward J. DiMaria
SVP, Chief Financial Officer
[ edimaria@bankrate.com ]
(917) 368-8608

Bruce J. Zanca
SVP, Chief Communications/Marketing Officer
[ bzanca@bankrate.com ]
(917) 368-8648

SOURCE Bankrate, Inc.

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Bankrate Announces Waiver of Lock-up Agreements

Bankrate Announces Waiver of Lock-up Agreements