Money market fund assets rose to $2.701 trillion

Published on NewsOK Modified: January 17, 2013 at 4:53 pm •  Published: January 17, 2013
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The average maturity of portfolios held by money market mutual funds rose to 47 days from 46 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 0.88 percent from 0.89 percent on five-year CDs.