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 Aug 2025 about CD, 1-year, deposits, rate, and USA.

Graph and download economic data for Treasury Yield: 12 Month CD <100M (TY12MCD) from Apr 2021 to Jul 2025 about CD, 1-year, Treasury, yield, interest rate, interest, rate, and USA.

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...

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

United States - National Rate on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) was 0.04% in March of 2021, according to the United States Federal Reserve. Historically, United States - National Rate on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) reached a record high of 0.27 in October of 2009 and a record low of 0.04 in December of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - National Rate on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

United States - National Rate on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) was 0.05% in March of 2021, according to the United States Federal Reserve. Historically, United States - National Rate on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) reached a record high of 0.29 in June of 2009 and a record low of 0.05 in October of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - National Rate on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

United States - Rate Cap on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) was 0.80% in March of 2021, according to the United States Federal Reserve. Historically, United States - Rate Cap on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) reached a record high of 1.04 in June of 2009 and a record low of 0.80 in October of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Rate Cap on Jumbo Deposits (greater or equal to $100,000): 1 Month CD (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

In 2024, a total of 32.9 million physical CDs were shipped in the United States. However, this figure marks a considerable decrease from a decade earlier, when shipments were still above 100 million. More than 900 million CDs were shipped in the United States at the turn of the millenium, but the product has experienced a large decline in popularity in general since. Physical music sales Seen as the successor to vinyl records and cassette tapes, compact discs or CDs were one of the most popular prerecorded music formats for much of the 1990s and early 2000s. Competition, first in the form of digital music formats and then streaming, has led to a massive decline in total album sales, with the CD format being hit particularly hard. For five years now, music streaming revenue accounted for over 80 percent of total industry revenue partially thanks to the ability of these platforms to provide users with instant access to an endless online library of music which can be enjoyed via any device at any time. While most physical album sales have suffered, vinyl albums have experienced a resurgence in recent years. The format’s total sales figures increased significantly in each year since 2010.

United States - Rate Cap on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) was 0.79% in March of 2021, according to the United States Federal Reserve. Historically, United States - Rate Cap on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) reached a record high of 1.02 in October of 2009 and a record low of 0.79 in December of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Rate Cap on Non-Jumbo Deposits (less than $100,000): 1 Month CD (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

Data on vinyl album sales in the United States from 1993 to 2023 shows consistent growth since 2006, and in 2023 a total of **** million vinyl albums were sold, up by over ** percent from the previous year. LP/vinyl sales - additional information Vinyl records, or LPs (short for Long Play), dominated the music recording industry for most of the twentieth century, holding their own against cassette tapes between the 1970s and 1990s, but sales of the compact disc (or CD), introduced in 1983, outpaced LP sales by the end of the 1980s. LPs have been enjoying a comeback in recent years, and the vinyl record is the only format of music available that has recorded positive sales growth from 2009 to 2017. This is impressive, especially because the overall number of albums sold in all formats has been decreasing since at least 2007. This is not because music piracy is replacing music purchasing — in fact, a recent study showed that those individuals who engage in pirating have more legally purchased music in their collections than those who do not use P2P sites to share music.The LP market, while growing, is still a niche market. The number of vinyl records shipped in 2017 is significantly less than the number of CDs, partially due to the market for vinyl consisting mainly of DJs, collectors, and audiophiles. DJs prefer the LP to most other formats due to its versatility and the ability to directly manipulate the record. Many audiophiles and collectors argue that the sound quality of the vinyl record is better than that of digitally recorded music, and new releases of older albums, such as those by the Beatles and Jimi Hendrix, are particularly popular. Modern artists from Mumford & Sons to Justin Timberlake also utilize the LP format. Ed Sheeran's album ''Divide" sold a total of ** thousand units on vinyl in 2017.

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.