Money market fund assets rose to $2.665 trillion

Published on NewsOK Modified: December 27, 2012 at 5:31 pm •  Published: December 27, 2012
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The average maturity of portfolios held by money market mutual funds fell to 48 days from 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 were flat at 0.18 percent. It was flat at 0.28 percent on one-year CDs and flat at 0.44 percent on two-year CDs. It fell to 0.90 percent from 0.91 percent on five-year CDs.