Total U.S. money-market mutual-fund assets fell $9.66 billion to $2.612 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 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 were unchanged from the week before at 0.11 percent.
The North Palm Beach, Fla.-based unit of Bankrate said Wednesday that the annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.05 percent.
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Bankrate.com said the annual percentage yield on six-month certificates of deposit was flat at 0.15 percent.
Rates were also flat at 0.24 percent on one-year CDs, 0.37 percent on two-year CDs and 0.77 percent on five-year CDs.