Money market fund assets rose to $2.612 trillion

Published on NewsOK Modified: November 29, 2012 at 5:37 pm •  Published: November 29, 2012

The average maturity of portfolios held by money market mutual funds fell to 49 days from 50 days.

The online service 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. said the annual percentage yield on six-month certificates of deposit was flat at 0.19 percent. It fell to 0.29 percent from 0.30 percent on one-year CDs. It was flat at 0.45 percent on two-year CDs. It was unchanged at 0.44 percent on two-and-a-half-year CDs. It fell to 0.92 percent from 0.93 percent on five-year CDs.

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