Share “Money market fund assets fell $2.18 billion”

Money market fund assets fell $2.18 billion

Published on NewsOK Modified: July 24, 2014 at 3:12 pm •  Published: July 24, 2014
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The average maturity of portfolios held by money market mutual funds was unchanged at 44 days.

The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was unchanged from the week before at 0.11 percent.

The North Palm Beach, Florida-based unit of Bankrate Inc. said Wednesday that the annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.06 percent.

Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from a week earlier at 0.15 percent. One-year CD yields were unchanged at 0.23 percent, two-year CD yields were flat at 0.36 percent and the five-year yield was unchanged at 0.79 percent.