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

Certificates of Deposit (CD) Market Outlook

According to our latest research, the global Certificates of Deposit (CD) market size reached USD 1.62 trillion in 2024, reflecting a robust financial instrument landscape. The market is poised to grow at a CAGR of 6.1% from 2025 to 2033, with the forecasted market size anticipated to reach USD 2.75 trillion by 2033. This sustained growth is primarily driven by the increasing demand for secure, low-risk investment options among both retail and institutional investors, as well as the rising digitalization of banking services worldwide. As per our latest research, the Certificates of Deposit market continues to evolve, offering diversified products and digital access, which are key contributors to its ongoing expansion.

The growth of the Certificates of Deposit (CD) market is underpinned by a confluence of macroeconomic and consumer-driven factors. One of the primary drivers is the persistent global economic uncertainty, which has heightened the appeal of CDs as a stable, low-risk investment vehicle. With fluctuating equity markets and ongoing geopolitical tensions, investors are increasingly seeking avenues that offer capital preservation and predictable returns. CDs, particularly traditional and jumbo variants, have become a preferred choice for risk-averse individuals and institutions alike. Additionally, the gradual rise in interest rates by central banks in response to inflationary pressures has made CDs more attractive, as they now offer better yields compared to previous years. This shift in monetary policy has directly influenced the inflow of funds into CD products, further fueling market growth.

Another significant growth factor is the rapid digital transformation within the banking and financial services sector. The proliferation of online platforms and fintech innovations has made it easier than ever for consumers to access, compare, and invest in a diverse array of CD products. This digital accessibility has not only expanded the reach of CDs beyond traditional banking channels but has also enabled financial institutions to tailor offerings to specific customer segments. As a result, younger, tech-savvy investors who previously favored more liquid or higher-risk instruments are now considering CDs as part of their diversified portfolios. The integration of user-friendly interfaces, mobile banking apps, and digital advisory services has played a pivotal role in driving both awareness and adoption of CDs among a broader demographic.

Furthermore, the market is experiencing a notable shift in product innovation and customization. Financial institutions are increasingly introducing specialized CDs, such as callable, liquid, and zero-coupon CDs, to cater to the evolving needs of their clientele. These innovative products offer varying degrees of flexibility, liquidity, and yield, thereby attracting a wider spectrum of investors. For example, callable CDs allow issuers to redeem the deposit before maturity, typically offering higher interest rates to compensate for this feature, while liquid CDs provide investors with the ability to withdraw funds with minimal penalties. This diversification within the CD product landscape is enabling banks and credit unions to differentiate themselves in a highly competitive market, further accelerating the sector’s growth trajectory.

Regionally, North America remains the dominant market for Certificates of Deposit, accounting for the largest share of global assets, followed by Europe and Asia Pacific. The United States, in particular, benefits from a mature financial ecosystem, widespread consumer awareness, and a high degree of product innovation. However, Asia Pacific is emerging as the fastest-growing region, driven by expanding middle-class populations, rising disposable incomes, and increasing financial literacy. European markets are characterized by a stable regulatory environment and a strong presence of both traditional and digital banking institutions. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual adoption, supported by economic reforms and the expansion of banking infrastructure. This regional diversity underscores the global appeal and adaptability of CDs as an investment tool.

Type Analysis

The Certificates of Deposit (CD) market is segmented by type into Traditional CDs, Jumbo CDs, Brokered CDs, Callable CDs, Liquid CDs, Zero-Coupon CDs, and others. Traditional CDs remain the cornerstone of th

Congo, The Democratic Republic of the CD: Deposit Interest Rate data was reported at 4.185 % pa in 2017. This records an increase from the previous number of 3.375 % pa for 2016. Congo, The Democratic Republic of the CD: Deposit Interest Rate data is updated yearly, averaging 7.719 % pa from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 16.773 % pa in 2010 and a record low of 3.375 % pa in 2016. Congo, The Democratic Republic of the CD: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Certificates of Deposit Market Outlook

According to our latest research, the global Certificates of Deposit (CD) market size reached USD 1.87 trillion in 2024, reflecting a robust foundation for this financial instrument worldwide. The market is expected to grow at a CAGR of 5.3% between 2025 and 2033, driven by evolving investor preferences and rising demand for secure savings vehicles. By 2033, the Certificates of Deposit market is forecasted to achieve a value of USD 2.97 trillion. This sustained expansion is primarily attributed to increasing financial literacy, the proliferation of digital banking, and a global shift towards safer investment options amidst economic uncertainties.

One of the primary growth factors propelling the Certificates of Deposit market is the heightened demand for low-risk investment products among both retail and institutional investors. In a global economic environment marked by volatility and uncertainty, CDs offer a compelling proposition due to their principal protection and predictable returns. The rise in interest rates over the past few years has further bolstered the attractiveness of CDs, enabling financial institutions to offer more competitive yields. As investors become increasingly risk-averse, especially in the wake of recent market disruptions, the stability and security provided by certificates of deposit are drawing significant inflows, thus accelerating market expansion.

Another critical driver is the rapid digital transformation within the banking sector. The emergence of online platforms and fintech innovations has democratized access to CDs, making it easier for individuals and businesses to compare, purchase, and manage these products. Digital onboarding processes, enhanced transparency, and user-friendly interfaces have significantly reduced barriers to entry, particularly for younger, tech-savvy investors. Additionally, the integration of advanced analytics and AI-driven advisory services has enabled financial institutions to better tailor CD offerings to specific customer segments, thereby increasing uptake and retention rates across diverse demographics.

Furthermore, the expansion of the Certificates of Deposit market can be linked to increasing financial inclusion efforts, especially in developing economies. Governments and regulatory bodies are actively promoting savings culture and prudent financial management, which has led to greater awareness and adoption of CDs among previously underserved populations. Financial institutions are responding by introducing innovative CD products with flexible terms, variable interest rates, and lower minimum deposit requirements. This inclusive approach is not only broadening the market base but also fostering long-term financial resilience among households and small businesses, further supporting the global growth trajectory of CDs.

From a regional perspective, North America continues to dominate the Certificates of Deposit market, accounting for the largest share in 2024 due to its mature banking infrastructure and high levels of financial literacy. Europe follows closely, with robust demand driven by a stable regulatory environment and a strong savings culture. Asia Pacific is emerging as the fastest-growing region, propelled by rapid urbanization, rising disposable incomes, and increasing penetration of digital banking services. Latin America and the Middle East & Africa, while still representing smaller shares, are witnessing steady growth as financial institutions expand their reach and tailor CD products to local market needs. This regional diversification underscores the global relevance and adaptability of certificates of deposit as a preferred investment vehicle.

In addition to traditional Certificates of Deposit, the financial market offers a variety of instruments designed to cater to diverse investor needs. One such instrument is Depositary Receipts, which provide investors with the opportunity to invest in foreign companies without the complexities of dealing with foreign currency or regulatory challenges. These receipts represent shares in a foreign corporation and are traded on local stock exchanges, offering a blend of international exposure and local convenience. The growing interest in Depositary Receipts reflects a broader trend towards global diversification, as investors seek to enhance their p

Bank deposit interest rate, percent in Italy, September, 2025 The most recent value is 2.26 percent as of September 2025, an increase compared to the previous value of 2.09 percent. Historically, the average for Italy from March 2003 to September 2025 is 1.73 percent. The minimum of 0.39 percent was recorded in June 2022, while the maximum of 3.81 percent was reached in December 2023. | TheGlobalEconomy.com

Congo, The Democratic Republic of the CD: Lending Interest Rate data was reported at 20.621 % pa in 2017. This records an increase from the previous number of 19.046 % pa for 2016. Congo, The Democratic Republic of the CD: Lending Interest Rate data is updated yearly, averaging 35.800 % pa from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 65.418 % pa in 2009 and a record low of 18.692 % pa in 2014. Congo, The Democratic Republic of the CD: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.World Bank: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Bank deposit interest rate, percent in El Salvador, September, 2025 The most recent value is 5.57 percent as of September 2025, a decline compared to the previous value of 5.59 percent. Historically, the average for El Salvador from January 2010 to September 2025 is 4.45 percent. The minimum of 2.11 percent was recorded in February 2011, while the maximum of 6.25 percent was reached in September 2024. | TheGlobalEconomy.com

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

China CD of Commercial Bank (AA) Yield: Yield to Maturity: 2 Month data was reported at 1.650 % pa in 02 Dec 2025. This records an increase from the previous number of 1.640 % pa for 01 Dec 2025. China CD of Commercial Bank (AA) Yield: Yield to Maturity: 2 Month data is updated daily, averaging 2.344 % pa from Feb 2017 (Median) to 02 Dec 2025, with 2204 observations. The data reached an all-time high of 5.758 % pa in 27 Dec 2017 and a record low of 1.212 % pa in 07 Apr 2020. China CD of Commercial Bank (AA) Yield: Yield to Maturity: 2 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

CN: CD of Commercial Bank (A+) Yield: Yield to Maturity: 2 Month data was reported at 1.860 % pa in 01 Dec 2025. This records an increase from the previous number of 1.856 % pa for 28 Nov 2025. CN: CD of Commercial Bank (A+) Yield: Yield to Maturity: 2 Month data is updated daily, averaging 2.784 % pa from Feb 2017 (Median) to 01 Dec 2025, with 2203 observations. The data reached an all-time high of 6.028 % pa in 27 Dec 2017 and a record low of 1.740 % pa in 31 Oct 2025. CN: CD of Commercial Bank (A+) Yield: Yield to Maturity: 2 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

Deposit Interest Rate in Argentina decreased to 45.71 percent in October from 47.96 percent in September of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Argentina.

China CD of Commercial Bank (A+) Yield: Yield to Maturity: 6 Month data was reported at 1.985 % pa in 01 Dec 2025. This records an increase from the previous number of 1.980 % pa for 28 Nov 2025. China CD of Commercial Bank (A+) Yield: Yield to Maturity: 6 Month data is updated daily, averaging 4.000 % pa from Dec 2013 (Median) to 01 Dec 2025, with 2992 observations. The data reached an all-time high of 7.149 % pa in 31 Dec 2013 and a record low of 1.935 % pa in 01 Jul 2025. China CD of Commercial Bank (A+) Yield: Yield to Maturity: 6 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

China CD of Commercial Bank (A) Yield: Yield to Maturity: 0 year data was reported at 1.816 % pa in 16 May 2025. This records an increase from the previous number of 1.740 % pa for 15 May 2025. China CD of Commercial Bank (A) Yield: Yield to Maturity: 0 year data is updated daily, averaging 2.360 % pa from Feb 2017 (Median) to 16 May 2025, with 2067 observations. The data reached an all-time high of 5.083 % pa in 24 Apr 2018 and a record low of 1.210 % pa in 29 Dec 2020. China CD of Commercial Bank (A) Yield: Yield to Maturity: 0 year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

Snapshot of leading multi-year guaranteed annuity (MYGA) rates by common term lengths. Rates subject to change; verify before purchase.

China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 9 Month data was reported at 1.675 % pa in 02 Dec 2025. This records an increase from the previous number of 1.670 % pa for 01 Dec 2025. China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 9 Month data is updated daily, averaging 3.221 % pa from Dec 2013 (Median) to 02 Dec 2025, with 2993 observations. The data reached an all-time high of 6.166 % pa in 30 Dec 2013 and a record low of 1.617 % pa in 09 Apr 2020. China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 9 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 1 Month data was reported at 1.640 % pa in 16 May 2025. This records an increase from the previous number of 1.610 % pa for 15 May 2025. China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 1 Month data is updated daily, averaging 2.606 % pa from Dec 2013 (Median) to 16 May 2025, with 2856 observations. The data reached an all-time high of 6.831 % pa in 24 Dec 2013 and a record low of 1.050 % pa in 07 Apr 2020. China CD of Commercial Bank (AA+) Yield: Yield to Maturity: 1 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 6 Month data was reported at 1.645 % pa in 16 May 2025. This records an increase from the previous number of 1.625 % pa for 15 May 2025. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 6 Month data is updated daily, averaging 2.835 % pa from Dec 2013 (Median) to 16 May 2025, with 2856 observations. The data reached an all-time high of 6.119 % pa in 31 Dec 2013 and a record low of 1.380 % pa in 08 Apr 2020. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 6 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 3 Month data was reported at 1.635 % pa in 16 May 2025. This records an increase from the previous number of 1.605 % pa for 15 May 2025. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 3 Month data is updated daily, averaging 2.697 % pa from Dec 2013 (Median) to 16 May 2025, with 2856 observations. The data reached an all-time high of 6.223 % pa in 24 Dec 2013 and a record low of 1.171 % pa in 20 Apr 2020. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 3 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.

China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 0 year data was reported at 1.541 % pa in 16 May 2025. This records an increase from the previous number of 1.465 % pa for 15 May 2025. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 0 year data is updated daily, averaging 2.050 % pa from Dec 2013 (Median) to 16 May 2025, with 2856 observations. The data reached an all-time high of 4.703 % pa in 24 Apr 2018 and a record low of 0.400 % pa in 29 Dec 2020. China CD of Commercial Bank (AAA) Yield: Yield to Maturity: 0 year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MO: CD of Commercial Bank Yield: Yield to Maturity.