Sentences with phrase «money market rates hover»
Typically online money market rates hover around 0.80 % to 0.85 % for all balances, which is much better than the national average of 0.08 % APY.
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As the Federal Reserve continues to keep interest rates low to stimulate the economy, the interest paid on high - yield checking accounts and money market accounts has hovered in the 2 % — 3 % range.
The bull market for stocks is in its sixth year and with interest rates still hovering near all - time lows, cheap money has been greasing the wheels of business growth.