Money-fund assets fall, yields are mostly unchanged
The annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent, while the annual percentage yield on six-month certificates of deposit rose to 0.15 percent from 0.14 percent a week earlier, Bankrate.com said.
The Associated Press
NEW YORK — Total U.S. money-market mutual-fund assets fell $1.06 billion to $2.705 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, according to 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 in the nation’s 10 largest markets showed the annual percentage yield available on money-market accounts fell to 0.11 percent from 0.12 percent the previous week.
Bankrate.com said that the annual percentage yield available on interest-bearing checking accounts remained steady at 0.05 percent.
The annual percentage yield on six-month certificates of deposit rose to 0.15 percent from 0.14 percent a week ago, Bankrate.com said.
One-year CD yields rose to 0.23 percent from 0.22 percent.
The yield on two-year CDs was unchanged at 0.36 percent.
The five-year yield rose to 0.80 percent from 0.79 percent.