Table : TABLE 10.3 Average annual interest rates (in percent) paid by money market funds, 1973–2008
Year |
Rate |
|
Year |
Rate |
|
Year |
Rate |
|
Year |
Rate |
1973 |
7.60 |
|
1982 |
12.23 |
|
1991 |
5.71 |
|
2000 |
5.89 |
1974 |
10.79 |
|
1983 |
8.58 |
|
1992 |
3.36 |
|
2001 |
3.67 |
1975 |
6.39 |
|
1984 |
10.04 |
|
1993 |
2.70 |
|
2002 |
1.29 |
1976 |
5.11 |
|
1985 |
7.71 |
|
1994 |
3.75 |
|
2003 |
0.64 |
1977 |
4.92 |
|
1986 |
6.26 |
|
1995 |
5.48 |
|
2004 |
0.82 |
1978 |
7.25 |
|
1987 |
6.12 |
|
1996 |
4.95 |
|
2005 |
2.66 |
1979 |
10.92 |
|
1988 |
7.11 |
|
1997 |
5.10 |
|
2006 |
4.51 |
1980 |
12.68 |
|
1989 |
8.87 |
|
1998 |
5.04 |
|
2007 |
4.70 |
1981 |
16.82 |
|
1990 |
7.82 |
|
1999 |
4.64 |
|
2008 |
2.05 |
Source: Albert J. Fredman, “A closer look at money market funds,’’ American Association of Individual Investors Journal, February 1997, pp. 22–27; and the 2010 Statistical Abstract of the United States. |