Share “Money market fund assets fell to $2.679...”

Money market fund assets fell to $2.679 trillion

Published on NewsOK Modified: February 14, 2013 at 4:58 pm •  Published: February 14, 2013
Advertisement

The average maturity of portfolios held by money market mutual funds rose to 48 days from 47 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 0.12 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 was flat at 0.17 percent. It was also flat at 0.27 percent on one-year CDs. It was also flat at 0.42 percent on two-year CDs and flat at 0.86 percent on five-year CDs.