Money market fund assets fell to $2.696 trillion

 
No Author Published: January 24, 2013    Comment on this article Leave a comment


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 and flat at 0.43 percent on two-year CDs. It fell to 0.87 percent from 0.88 percent on five-year CDs.

Page 2 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
New Rule in CALIFORNIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com

Business Photo Galleriesview all