Total U.S. money-market mutual-fund assets fell $30.24 billion to $2.563 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 from the previous week at 0.02 percent in the week that ended Tuesday, according to Money Fund Report, a service of iMoneyNet.
Bankrate.com said that its survey of 100 leading banks showed that the annual percentage yield available on money-market accounts fell to 0.11 percent from 0.12 percent in the week before. Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged at 0.16 percent.
It was flat at 0.25 percent on one-year CDs, flat at 0.39 percent on two-year CDs and flat at 0.79 percent on five-year CDs.
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