Money-fund assets drop; yields are unchanged
Yields on money-market accounts and CDs remained unchanged and low, according to the most recent one-week figures.
The Associated Press
Total U.S. money-market mutual-fund assets fell by $10.2 billion to $2.57 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.
Bankrate.com said Wednesday that the yield available on money-market accounts was unchanged from the week before at 0.11 percent.
Bankrate also said that the annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.06 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from a week earlier at 0.14 percent.
One-year CD yields were also unchanged at 0.24 percent, while two-year CD yields were flat at 0.38 percent.
The five-year yield was unchanged at 0.80 percent, according to Bankrate.com.