Here's the returns from the MMF so far:
* The monthly returns are calculated by subtracting the MMF NAV of the last day of the month from that of the first day of the month, divided by the NAV value of the first day of the month, in percentage terms
As you can clearly see, during May, the returns per month dipped to 0.053%, giving an estimated returns of 0.64% per annum. It's better than savings, but not much better. I started putting my money back into MMF again during June, when I noticed a rise in the returns to 0.089%, which gives roughly 1.07% per annum. That is more acceptable for the risk that I put into the MMF. Though I say that, do take note that MMF is as safe as savings deposits, since most of the capital is placed in time deposits, treasury bonds, bills etc.
The heydays where the monthly returns of 0.15% and above is over. That happened in mid 2007. At that time, the stocks are breaking new high, so who the hell wants to put into MMF. Given an average monthly returns of 0.15%, it'll add up to 1.8% per annum at least. I didn't include compounding.
Here's how the MMF returns tracked since May 2007 to present looks like:
For this month of July, the returns for this month is 0.089%. Just one more day to go, shouldn't be too far off from there.