Money market fund assets rose to $2.645 trillion

 
No Author Published: December 13, 2012    Comment on this article Leave a comment


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The average maturity of portfolios held by money market mutual funds was unchanged at 48 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 fell to 0.18 percent from 0.19 percent. It was unchanged at 0.29 percent on one-year CDs. It fell to 0.44 percent from 0.45 percent on two-year CDs and fell to 0.91 percent from 0.92 percent on five-year CDs.

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