Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for United States (IR3TCD01USM156N) from Jun 1964 to Dec 2023 about CD, 3-month, yield, interest rate, interest, rate, and USA.

Graph and download economic data for National Rate: 12 Month CD <100M (NDR12MCD) from Apr 2021 to Feb 2025 about CD, 1-year, deposits, rate, and USA.

Graph and download economic data for Average Rate on 1-Month Negotiable Certificates of Deposit (Secondary Market), Quoted on an Investment Basis (DISCONTINUED) (DCD1M) from 1965-12-22 to 2013-06-28 about CD, secondary market, 1-month, interest rate, interest, rate, and USA.

Graph and download economic data for Average Rate on 6-Month Negotiable Certificates of Deposit (Secondary Market), Quoted on an Investment Basis (DISCONTINUED) (CD6M) from Jun 1964 to Jun 2013 about CD, 6-month, secondary market, interest rate, interest, rate, and USA.

Georgia Short Term Interest Rate: Monthly Average: Certificates of Deposit: 3 Months data was reported at 7.140 % pa in Nov 2018. This records an increase from the previous number of 7.130 % pa for Oct 2018. Georgia Short Term Interest Rate: Monthly Average: Certificates of Deposit: 3 Months data is updated monthly, averaging 7.075 % pa from Feb 2008 (Median) to Nov 2018, with 130 observations. The data reached an all-time high of 19.000 % pa in Jul 2008 and a record low of 3.054 % pa in Nov 2009. Georgia Short Term Interest Rate: Monthly Average: Certificates of Deposit: 3 Months data remains active status in CEIC and is reported by National Bank of Georgia . The data is categorized under Global Database’s Georgia – Table GE.M002: Interest Rates: Money and Government Papers.

According to Cognitive Market Research, the global Certificate of Deposit market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Less than 1 year held the highest Certificate of Deposit market revenue share in 2024.

Market Dynamics of Certificate of Deposit Market

Key Drivers for Certificate of Deposit Market

Growing Demand for Early Retirement Planning to Increase the Demand Globally

The growing demand for early retirement planning is driving the Certificate of Deposit (CD) market as individuals increasingly seek secure and reliable investment options to ensure financial stability in their retirement years. CDs offer a low-risk investment with guaranteed returns, making them an attractive choice for conservative investors looking to preserve capital and generate predictable income. With an aging population and heightened awareness of the need for financial planning, more people are prioritizing investments that provide safety and stability. CDs, with their fixed interest rates and protection against market volatility, align well with the goals of early retirees who prioritize preserving their savings while earning a steady return. This trend fuels the growth of the CD market as part of comprehensive retirement strategies.

Growing Demand of Enhanced CD products to Propel Market Growth

The growing demand for enhanced Certificate of Deposit (CD) products is driving the market due to their ability to offer higher returns and additional features compared to traditional CDs. Enhanced CDs, such as those with variable interest rates, callable options, or market-linked returns, attract investors seeking better yields while still enjoying the security and low risk associated with CDs. These innovative products appeal to a broader range of investors, including those looking for diversified income streams and higher growth potential. Additionally, the customization and flexibility of enhanced CDs cater to the evolving preferences of investors, who are increasingly sophisticated and seeking tailored financial solutions. This trend boosts the attractiveness and market adoption of CDs, expanding their role in investment portfolios.

Restraint Factor for the Certificate of Deposit Market

Low Interest Rates to Limit the Sales

Low interest rates restrain the Certificate of Deposit (CD) market by reducing the attractiveness of these financial instruments to investors seeking higher returns. When interest rates are low, the yields on CDs decrease, making them less appealing compared to other investment options such as stocks, bonds, or mutual funds, which may offer higher potential returns. This diminished appeal leads to reduced demand for CDs among both retail and institutional investors. Additionally, low interest rates can prompt banks and financial institutions to offer fewer incentives or promotional rates for CDs, further dampening market growth. The overall impact is a slowdown in the market's expansion, as investors seek alternative investments that promise better returns in a low-interest-rate environment.

Impact of Covid-19 on the Certificate of Deposit Market

The COVID-19 pandemic had a mixed impact on the Certificate of Deposit (CD) market. On one hand, economic uncertainty and market volatility drove many investors towards safer, more stable investment options like CDs. This increased demand for secure, low-risk instruments as people sought to protect their capital. On the ot...

Brazil Certificate of Deposits Rate data was reported at 0.459 % per Month in Aug 2019. This records a decrease from the previous number of 0.517 % per Month for Jul 2019. Brazil Certificate of Deposits Rate data is updated monthly, averaging 1.026 % per Month from Jan 1995 (Median) to Aug 2019, with 296 observations. The data reached an all-time high of 4.568 % per Month in Mar 1995 and a record low of 0.435 % per Month in Feb 2018. Brazil Certificate of Deposits Rate data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.MA003: Certificate of Deposit Rate (Discontinued).

Deposit Interest Rate in Colombia decreased to 10.17 percent in 2024 from 13.21 percent in 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Colombia.

Graph and download economic data for National Rate: 60 Month CD <100M (NDR60MCD) from Apr 2021 to Feb 2025 about CD, deposits, 5-year, rate, and USA.

Paraguay Effective Interest Rate: Monthly Average: Passive: Certificate of Deposit: Domestic Currency data was reported at 7.670 % pa in Sep 2018. This records an increase from the previous number of 7.620 % pa for Aug 2018. Paraguay Effective Interest Rate: Monthly Average: Passive: Certificate of Deposit: Domestic Currency data is updated monthly, averaging 11.778 % pa from Jan 1994 (Median) to Sep 2018, with 297 observations. The data reached an all-time high of 26.530 % pa in Mar 2003 and a record low of 3.520 % pa in Jun 2007. Paraguay Effective Interest Rate: Monthly Average: Passive: Certificate of Deposit: Domestic Currency data remains active status in CEIC and is reported by Central Bank of Paraguay. The data is categorized under Global Database’s Paraguay – Table PY.M003: Effective Interest Rate.

Key information about Colombia Long Term Interest Rate

• Colombia Long Term Interest Rate: Month End: Colombia: Treasury Securities Rate: 10 Years was reported at 11.98 % pa in Feb 2025, compared with 12.03 % pa in the previous month.
• Colombia Long Term Interest Rate data is updated monthly, available from Jan 2003 to Feb 2025.
• The data reached an all-time high of 16.18 % pa in Apr 2003 and a record low of 5.07 % pa in Feb 2013.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Colombia Short Term Interest Rate: Month End: Colombia: Certificate of Deposits Rate: 90 Days was reported at 13.02 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: Intervention Rate: Minimum) was set at 9.50 % pa in Feb 2025.
• Colombia Exchange Rate against USD averaged 4,213.53 (USD/COP) in Jun 2023.

Deposit Interest Rate in Russia decreased to 21.10 percent in January from 21.57 percent in December of 2024. This dataset includes a chart with historical data for Deposit Interest Rate in Russia.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Japan (IR3TCD01JPM156N) from May 1979 to Mar 2022 about CD, 3-month, Japan, yield, interest rate, interest, and rate.

Deposit Interest Rate in Mexico decreased to 3.90 percent in December from 4.08 percent in November of 2024. This dataset includes a chart with historical data for Deposit Interest Rate in Mexico.

The interest rate of bank accepted bills/negotiable certificates of deposit for Australian banks has fallen slightly over the last decade. From a peak of around five percent from late 2010 to late 2011, interest rates on three and six month bills/certificates had fallen to 0.01 and 0.03 percent respectively as of September 2021 . Notably, these rates were below the the official Reserve Bank of Australia (RBA) target cash rate of 0.1 percent. Primarily, the reason for this is that the RBA was more concerned with ensuring banks have liquidity than intervening so that the cash rate is consistent with its target rate, and to this end RBA used new methods to inject funds into banks since the coronavirus (COVID-19) pandemic. As of May 2024, the interest rates on three and six month bills/certificates increased to 4.36 and 4.61 percent, respectively.

Graph and download economic data for Average Rate on 3-Month Negotiable Certificates of Deposit (Secondary Market), Quoted on an Investment Basis (DISCONTINUED) (H0RIFSPDCNSM03NA) from 1964 to 2013 about negotiable, CD, secondary market, 3-month, investment, average, interest rate, interest, rate, and USA.

Deposit Interest Rate in Uruguay increased to 8.10 percent in 2023 from 6.24 percent in 2022. This dataset includes a chart with historical data for Deposit Interest Rate in Uruguay.

India SCB: Certificates of Deposits: Effective Interest Rate: High data was reported at 8.500 % pa in 09 Nov 2018. This stayed constant from the previous number of 8.500 % pa for 08 Nov 2018. India SCB: Certificates of Deposits: Effective Interest Rate: High data is updated daily, averaging 9.200 % pa from Feb 1997 (Median) to 09 Nov 2018, with 7939 observations. The data reached an all-time high of 37.000 % pa in 13 Feb 1998 and a record low of 4.450 % pa in 30 Apr 2004. India SCB: Certificates of Deposits: Effective Interest Rate: High data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Daily Database’s Government & Other Securities – Table IN.ZE008: Certificates of Deposits.

Deposit Interest Rate in Honduras increased to 8.21 percent in 2024 from 5.94 percent in 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Honduras.

Ghana Deposit Money Banks: Deposit Rate: Certificates Of Deposit data was reported at 11.250 % pa in Aug 2018. This stayed constant from the previous number of 11.250 % pa for Jul 2018. Ghana Deposit Money Banks: Deposit Rate: Certificates Of Deposit data is updated monthly, averaging 12.750 % pa from Jan 2000 (Median) to Aug 2018, with 224 observations. The data reached an all-time high of 34.250 % pa in Aug 2001 and a record low of 5.250 % pa in Nov 2007. Ghana Deposit Money Banks: Deposit Rate: Certificates Of Deposit data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M004: Deposit Money Banks Rates.