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

Certificate of Deposit Market Outlook

The global certificate of deposit (CD) market size was valued at approximately USD 1 trillion in 2023, and it is projected to reach nearly USD 1.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of around 4.5%. This growth is primarily driven by the increasing preference for safe and secure investment options amidst global economic uncertainties. Factors such as technological advancements in banking, fluctuating interest rates, and evolving consumer preferences are expected to further fuel the expansion of the CD market. As investors seek to balance risk and return, the certificate of deposit market is poised for significant growth over the next decade.

A major growth factor in the certificate of deposit market is the heightened demand for low-risk investment products, especially in volatile economic climates. As global markets experience fluctuations due to geopolitical tensions and unpredictable economic policies, investors are increasingly turning to CDs as a stable and predictable source of income. The fixed interest rates and government insurance associated with CDs make them an attractive option for risk-averse investors. Additionally, the increasing financial literacy among the population is leading to greater awareness of CDs as an investment tool, further driving market growth.

The digital transformation of banking services has also had a profound impact on the certificate of deposit market. Online banks and financial institutions are now offering more competitive rates and greater accessibility to CD products, thereby expanding their customer base. This digital shift has not only increased the convenience for consumers but also allowed institutions to reduce operational costs, enabling them to offer more attractive rates. Furthermore, the proliferation of fintech platforms has facilitated easier comparison of CD rates and terms, empowering consumers to make more informed investment decisions, which ultimately supports market growth.

Interest rates, which are a critical determinant of the attractiveness of CDs, have become progressively volatile, largely influencing the dynamics of the CD market. Central banks across the globe are adjusting rates in response to inflationary pressures and economic recovery efforts post-pandemic. While higher interest rates may enhance the appeal of CDs by offering better returns, they also make other investment avenues more attractive. Consequently, financial institutions are developing innovative CD products with features such as bump-up rates or liquidity options to maintain competitiveness. As interest rate environments evolve, so too will the strategies employed by both issuers and investors within the CD market.

Regionally, North America holds a significant share of the certificate of deposit market, driven by a mature banking sector and a high level of investor awareness. Europe follows closely, with its robust regulatory framework and stable economic environment contributing to sustained interest in CDs. Meanwhile, the Asia Pacific region is expected to exhibit the fastest growth rate, attributed to rapid economic development and increasing individual wealth in countries such as China and India. The Latin America and Middle East & Africa regions are also anticipated to see moderate growth, spurred by improving financial infrastructure and increasing investor education initiatives. Overall, the global CD market is poised for steady expansion, with varying growth trajectories across different regions.

Type Analysis

The certificate of deposit market is diverse, encompassing several types of CDs, each catering to different investor needs and preferences. Traditional CDs remain the most prevalent, offering fixed interest rates over specified terms. Their appeal lies in their simplicity and the assurance of a guaranteed return, which continues to attract conservative investors. The demand for traditional CDs is particularly strong among retirees and individuals seeking stable income sources. Despite the emergence of more flexible CD options, traditional CDs maintain their dominance due to the predictability and security they offer in uncertain financial climates.

Bump-Up CDs have gained traction as investors seek products that allow for interest rate adjustments during the term. This type of CD offers the potential for higher returns if market rates increase, providing a hedge against rising interest environments. The flexibility of bump-up CDs makes them attractive to investors who wish to capitalize on upward trends without abandoning the security of a CD. Howe

Congo, The Democratic Republic of the CD: Interest Rate Spread data was reported at 16.436 % pa in 2017. This records an increase from the previous number of 15.671 % pa for 2016. Congo, The Democratic Republic of the CD: Interest Rate Spread data is updated yearly, averaging 20.727 % pa from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 49.343 % pa in 2009 and a record low of 14.657 % pa in 2013. Congo, The Democratic Republic of the CD: Interest Rate Spread 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. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.; Median;

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...

Congo, The Democratic Republic of the CD: Deposit 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 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 Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Congo, The Democratic Republic of the CD: Lending 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 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 Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Congo, The Democratic Republic of the CD: Money Market Rate data was reported at 14.729 % pa in 2017. This records an increase from the previous number of 2.502 % pa for 2016. Congo, The Democratic Republic of the CD: Money Market Rate data is updated yearly, averaging 14.729 % pa from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 62.208 % pa in 2009 and a record low of 1.454 % pa in 2014. Congo, The Democratic Republic of the CD: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Money Market and Policy Rates: Annual.

Bank deposit interest rate, percent in Dominican Republic, June, 2025 The most recent value is 8.92 percent as of June 2025, an increase compared to the previous value of 8.84 percent. Historically, the average for Dominican Republic from November 2017 to June 2025 is 6.36 percent. The minimum of 2.54 percent was recorded in October 2021, while the maximum of 9.41 percent was reached in March 2023. | TheGlobalEconomy.com

The global Certificate of Deposit (CD) market is a significant segment of the financial services industry, characterized by its relatively low risk and stable returns. While precise market sizing data is unavailable, considering the substantial presence of major global banks like JPMorgan Chase, Bank of China, and BNP Paribas in the list of companies, and given the long-term nature of the study period (2019-2033), we can infer a large market size. A reasonable estimate for the 2025 market size would be in the range of $15-20 trillion USD, reflecting the substantial volume of funds held in CDs globally. This market is driven by factors such as the need for secure short-term investment options for individuals and corporations, particularly amidst periods of economic uncertainty, and the comparatively higher yields compared to savings accounts. Trends indicate a growing preference for online CD platforms and increasing competition amongst banks to offer attractive interest rates and flexible terms, leading to innovation within the product offerings. However, factors such as low interest rate environments and the availability of alternative investment options may act as restraints on market growth, with the CAGR potentially ranging from 2% to 5% over the forecast period (2025-2033). The market is segmented by various factors including CD maturity period (short-term, medium-term, long-term), investor type (individuals, institutions), and geographic region. The forecast period will likely see a shift in the regional market share. While traditional financial hubs like North America and Europe will maintain considerable dominance, we can anticipate a rise in the share held by Asia-Pacific countries driven by increasing financial literacy and economic growth in emerging markets. The competitive landscape is dominated by large multinational banks, but smaller regional banks and online financial technology (fintech) companies are also playing an increasingly significant role, introducing innovative features and targeting specific niche markets. Strategic partnerships and mergers & acquisitions are expected to further shape the competitive landscape during the forecast period, along with increasing regulatory oversight aimed at maintaining financial stability. The continued evolution of financial technology and shifting investor preferences will influence CD product development and the overall market growth trajectory.

Congo, The Democratic Republic of the CD: Central Bank Policy Rate: End of Period data was reported at 20.000 % pa in 2017. This records an increase from the previous number of 7.000 % pa for 2016. Congo, The Democratic Republic of the CD: Central Bank Policy Rate: End of Period data is updated yearly, averaging 20.000 % pa from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 70.000 % pa in 2009 and a record low of 2.000 % pa in 2015. Congo, The Democratic Republic of the CD: Central Bank Policy Rate: End of Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Money Market and Policy Rates: Annual.

Congo, The Democratic Republic of the CD: Deposit Rate: Foreign Currency data was reported at 3.498 % pa in 2017. This records an increase from the previous number of 3.222 % pa for 2016. Congo, The Democratic Republic of the CD: Deposit Rate: Foreign Currency data is updated yearly, averaging 3.200 % pa from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 3.498 % pa in 2017 and a record low of 2.373 % pa in 2008. Congo, The Democratic Republic of the CD: Deposit Rate: Foreign Currency data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

As of June 2024, the country with the highest deposit interest rate worldwide was Zimbabwe, where the interest rate was as high as ** percent. Second in the list came Turkey, where the interest rate reached ** percent.

Congo, The Democratic Republic of the CD: Interbank Market Rate: Maximum data was reported at 6.500 % pa in 2016. This records an increase from the previous number of 1.750 % pa for 2015. Congo, The Democratic Republic of the CD: Interbank Market Rate: Maximum data is updated yearly, averaging 9.750 % pa from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 68.000 % pa in 2009 and a record low of 1.750 % pa in 2015. Congo, The Democratic Republic of the CD: Interbank Market Rate: Maximum data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Money Market and Policy Rates: Annual.

Total tests run and invalid results and rates by operator testing volume.

Total tests run and invalid results and rates by health care facility type per country.

Control bead and CD4 testing run days by country and all countries combined.

Summary of Pima CD4 testing volumes and invalid results by country.

Congo, The Democratic Republic of the CD: Official Rate: End of Period: National Currency per USD data was reported at 1,592.193 CDF/USD in 2017. This records an increase from the previous number of 1,215.589 CDF/USD for 2016. Congo, The Democratic Republic of the CD: Official Rate: End of Period: National Currency per USD data is updated yearly, averaging 0.000 CDF/USD from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 1,592.193 CDF/USD in 2017 and a record low of 0.000 CDF/USD in 1989. Congo, The Democratic Republic of the CD: Official Rate: End of Period: National Currency per USD data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Democratic Republic of Congo – Table CD.IMF.IFS: Foreign Exchange Rates: Annual.

In 2024, the average price of cadmium in the United States stood at *** U.S. dollars per kilogram. Down from some **** U.S. dollars per kilogram in the previous year, which was was the highest figure reported during the period in consideration. More about cadmium Cadmium is a silvery-white post-transition metal that was first discovered in 1817 in Germany by scientists Freidrich Stromeyer and Karl Hermann. This malleable metal is extracted as a by-product of zinc refinement, and shares similarities with zinc. Its melting temperature is *** degrees Celsius, and it is considered toxic. Because the melting points of cadmium and zinc are different, the two metals can be separated using this method. In the liquid mixture of the two metals, zinc becomes a solid first. After that, the liquid cadmium is left behind. Cadmium in batteries Rechargeable batteries are made with cadmium and nickel. There are two types of batteries: industrial and portable. Industrial batteries are used for things such as emergency brakes, air conditioning, and alarm systems. Portable batteries are used for computer equipment, military communications, and emergency lighting. China is the largest producer of cadmium worldwide, with a refinery production volume estimated at ***** metric tons in 2024. While imports of cadmium into the United States have dropped in recent years, exports of the metal have increased.

Congo, The Democratic Republic of the CD: Official Exchange Rate: Average: per USD data was reported at 1,464.418 CDF/USD in 2017. This records an increase from the previous number of 1,010.303 CDF/USD for 2016. Congo, The Democratic Republic of the CD: Official Exchange Rate: Average: per USD data is updated yearly, averaging 0.000 CDF/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,464.418 CDF/USD in 2017 and a record low of 0.000 CDF/USD in 1990. Congo, The Democratic Republic of the CD: Official Exchange Rate: Average: per USD 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: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;