The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

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...

According to Cognitive Market Research, the global Car Finance market size will be USD 312586.3 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.10% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 90650.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 115656.93 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 75020.71 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 11878.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 12503.45 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 6876.90 million in 2025. It will grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033.
New car category is the fastest growing segment of the Car Finance industry

Market Dynamics of Car Finance Market

Key Drivers for Car Finance Market

Increase in Vehicle Demand and Ownership to Boost Market Growth

The growing demand for vehicles is a primary driving factor for the car finance market. As more individuals and families opt for personal transportation, especially in developing economies, the need for financing options has surged. In regions like Asia Pacific, North America, and Europe, the rise in middle-class income and urbanization has made vehicle ownership more accessible. Car buyers, especially first-time purchasers, are more inclined to explore financing options to make their purchases more affordable. Financing provides a solution to high upfront costs, making it easier for consumers to afford both new and used cars. This increase in demand for vehicles, driven by factors such as improved living standards, convenient financing options, and access to diverse loan products, fuels the growth of the car finance market. For instance, Chase Auto Finance launched an integrated car buying and financing platform designed to simplify the vehicle purchasing process for customers. This new platform enables users to browse vehicles, calculate monthly payments, apply for financing, and complete the entire buying process seamlessly, all in one place. By integrating the car-buying experience with financing options, Chase aims to offer a more convenient and efficient way for consumers to purchase cars while securing competitive loan terms.

https://autofinance.chase.com/

Low Interest Rates and Attractive Financing Plans To Boost Market Growth

Low interest rates, often introduced by financial institutions to encourage consumer spending, significantly influence the growth of the car finance market. When interest rates are low, monthly payments on auto loans become more affordable, making car purchases easier for a wider range of buyers. Financial institutions offer various financing plans with competitive interest rates to attract more customers, including longer loan tenures and flexible payment options. Additionally, manufacturers and dealerships often partner with banks to offer attractive financing schemes, including zero-interest or low-interest loans for a limited period. This not only reduces the cost of borrowing but also incentivizes potential car buyers to take advantage of favourable terms.

Restraint Factor for the Car Finance Market

High-Interest Rates Will Limit Market Growth

The key restraining factor for the car finance market is the rising interest rates. As central banks around the world increase interest rates to curb inflation, financing costs for both consumers and businesses rise. Higher interest rates directly impact car loan affordability, making monthly payments more expensive for buyers. This often leads to a reduction in the number of consumers willing or able to finance a car purchase, particularly for those with lower credit scores who face even higher rates. As car loans become more expensive, customers may ch...

France's main stock market index, the FR40, rose to 7743 points on August 8, 2025, gaining 0.44% from the previous session. Over the past month, the index has declined 1.72%, though it remains 6.51% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. France Stock Market Index (FR40) - values, historical data, forecasts and news - updated on August of 2025.