Share “Money market fund assets fell to $2.575...”

Money market fund assets fell to $2.575 trillion

Associated Press Published: November 15, 2012
Advertisement

The average maturity of portfolios held by money market mutual funds was unchanged at 49 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, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was flat from the week before at 0.05 percent.

Bankrate.com said the annual percentage yield on six-month certificates of deposit rose to 0.19 percent from 0.18 percent. It rose to 0.30 percent from 0.29 percent on one-year CDs. It was flat at 0.45 percent on two-year CDs. It fell to 0.44 percent from 0.45 percent on two-and-a-half-year CDs. It fell to 0.93 percent from 0.94 percent on five-year CDs.