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Originally published Saturday, February 22, 2014 at 8:08 PM

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Money-fund assets fall, yields remain unchanged

Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from a week earlier at 0.15 percent. One-year CD yields were also flat at 0.23 percent, and the yield on two-year CDs was unchanged at 0.37 percent.


The Associated Press

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NEW YORK — Total U.S. money-market mutual-fund assets fell by $49.17 billion to $2.664 trillion for the week that ended Wednesday, according to the Investment Company Institute, a Washington-based mutual-fund trade group.

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.

The seven-day compounded yield was flat at 0.01 percent.

The online service Bankrate.com said that 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.

Bankrate.com said Wednesday 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 from a week earlier at 0.15 percent.

One-year CD yields were also flat at 0.23 percent, and the yield on two-year CDs was unchanged at 0.37 percent.

The five-year yield fell to 0.80 percent from 0.81 percent.



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