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Originally published Saturday, January 25, 2014 at 8:05 PM

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Money-fund assets rise, yields are unchanged

Bankrate.com said the annual percentage yield available on money-market accounts was unchanged at 0.12 percent and that the annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent.


The Associated Press

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NEW YORK — Total U.S. money-market mutual-fund assets rose $6.38 billion to $2.707 trillion for the week that ended Wednesday, according to the Investment Company Institute.

The seven-day average yield on money-market mutual funds was unchanged at 0.01 percent from the previous week, said Money Fund Report, a service of iMoneyNet.

The 30-day yield and the 30-day compounded yield were both unchanged at 0.01 percent, Money Fund Report said Wednesday.

The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks showed the annual percentage yield available on money-market accounts was unchanged at 0.12 percent and that the annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent.

Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged at 0.15 percent.

One-year CD yields remained steady at 0.23 percent and the yield on two-year CDs was unchanged at 0.36 percent.

The five-year yield was unchanged at 0.79 percent.



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