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

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.

On December 15, 2020, the FDIC Board of Directors approved a Final Rule (https://www.fdic.gov/news/board/2020/2020-12-15-notice-dis-a-fr.pdf) making certain revisions to the interest rate restrictions applicable to less than well capitalized institutions (as defined in Section 38 of the Federal Deposit Insurance Act), which are effective on April 1, 2021. The interest rate restrictions generally limit a less than well capitalized institution from soliciting deposits by offering rates that significantly exceed rates in its prevailing market.

The Final Rule redefined the "national rate" as the average of rates paid by all insured depository institutions and credit unions for which data is available, with rates weighted by each institution's share of domestic deposits. The "national rate cap" is calculated as the higher of: (1) the national rate plus 75 basis points; or (2) 120 percent of the current yield on similar maturity U.S. Treasury obligations plus 75 basis points. The national rate cap for non-maturity deposits is the higher of the national rate plus 75 basis points or the federal funds rate plus 75 basis points.

A less than well capitalized institution may use the "local rate cap" in place of the national rate cap for deposits gathered from within the institution's local market area. The Final Rule redefined the "local rate cap" for a particular deposit product as 90 percent of the highest rate offered on the deposit product by an institution or credit union accepting deposits at a physical location within the institution's local market area.

In accordance with Section 337.7(d), an insured depository institution that seeks to pay a rate of interest up to its local market rate cap shall provide notice and evidence of the highest rate paid on a particular deposit product in the institution's local market areas to the appropriate FDIC regional director. The institution shall update its evidence and calculations for existing and new accounts monthly unless otherwise instructed by the appropriate FDIC regional director, and retain such information available for at least the two most recent examination cycles and, upon the FDIC's request, provide the documentation to the appropriate FDIC regional office and to examination staff during any subsequent examinations.

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...

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

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.

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

Graph and download economic data for Rate Cap on Non-Jumbo Deposits (less than $100,000): 12 Month CD (DISCONTINUED) (CD12RCNJ) from 2009-05-18 to 2021-03-29 about non-jumbo, CD, 1-year, deposits, rate, and USA.

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 July of 2025.

Taiwan CBC Securities Issued CDS: Primary Market: 1 Year data was reported at 0.483 % pa in Oct 2018. This records an increase from the previous number of 0.482 % pa for Sep 2018. Taiwan CBC Securities Issued CDS: Primary Market: 1 Year data is updated monthly, averaging 0.900 % pa from Feb 1999 (Median) to Oct 2018, with 189 observations. The data reached an all-time high of 5.700 % pa in Feb 1999 and a record low of 0.338 % pa in Aug 2016. Taiwan CBC Securities Issued CDS: Primary Market: 1 Year data remains active status in CEIC and is reported by Central Bank of the Republic of China. The data is categorized under Global Database’s Taiwan – Table TW.M005: Capital Market Interest Rates.

China CD of Commercial Bank (A-) Yield: Yield to Maturity: 1 Month data was reported at 2.150 % pa in 16 May 2025. This records an increase from the previous number of 2.130 % pa for 15 May 2025. China CD of Commercial Bank (A-) Yield: Yield to Maturity: 1 Month data is updated daily, averaging 3.144 % pa from Feb 2017 (Median) to 16 May 2025, with 2067 observations. The data reached an all-time high of 6.528 % pa in 28 Dec 2017 and a record low of 1.945 % pa in 01 Sep 2022. China CD of Commercial Bank (A-) 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.

Respiration from coarse litter (trunks and large branches > 10 cm diameter) was studied in central Amazon forests. Respiration rates varied over almost two orders of magnitude (1.003-0.014 mug C g(-1) C min(-1), n = 61), and were significantly correlated with wood density (r(adj)(2) = 0.42), and moisture content (r(adj)(2) = 0.39). Additional samples taken from a nearby pasture indicated that wood moisture content was the most important factor controlling respiration rates across sites (r(adj)(2) = 0.65). Based on average coarse litter wood density and moisture content, the mean long-term carbon loss rate due to respiration was estimated to be 0.13 yr(-1) (range of 95% prediction interval (PI) = 0.11-0.15 yr(-1)). Comparing mean respiration rate with mean mass loss (decomposition) rate from a previous study, respiratory emissions to the atmosphere from coarse litter were predicted to be 76% (95% PI = 65-88%) of total carbon loss, or about 1.9 (95% PI = 1.6-2.2) Mg C ha(- 1) yr(-) (1). Optimum respiration activity corresponded to about 2.5 g H2O g(-1) dry wood, and severely restricted respiration to < 0.5 g H2O g(-1) dry wood. Respiration from coarse litter in central Amazon forests is comparable in magnitude to decomposing fine surface litter (e.g. leaves, twigs) and is an important carbon cycling component when characterizing heterotrophic respiration budgets and net ecosystem exchange (NEE).

Univariate analysis for predictors of complications, higher CD-Score, higher CCI score, 90-Day and 1-year mortality.

Bivalves are often employed for biomonitoring contaminants in marine environments; however, in these large-scale programs, unavoidably, using multiple species presents a significant challenge. Interspecies differences in contaminant bioaccumulation can complicate data interpretation, and direct comparisons among species may result in misleading conclusions. Here, we propose a robust framework based on toxicokinetic measurements that accounts for interspecies differences in bioaccumulation. Specifically, via a recently developed double stable isotope tracer technique, we determined the toxicokinetics of cadmium (Cd)a metal known for its high concentrations in bivalves and significant interspecies bioaccumulation variabilityin six widespread bivalve species including mussels (Perna viridis, Mytilus unguiculatus, Mytilus galloprovincialis) and oysters (Magallana gigas, Magallana hongkongensis, Magallana angulata). Results show that oysters generally have higher Cd uptake rate constants (ku: 1.18–3.09 L g–1 d–1) and lower elimination rate constants (ke: 0.008–0.017 d–1) than mussels (ku: 0.21–0.64 L g–1 d–1; ke: 0.018–0.037 d–1). The interspecies differences in tissue Cd concentrations are predominantly due to Cd uptake rather than elimination. Utilizing toxicokinetic parameters to back-calculate Cd concentrations in seawater, we found that the ranking of Cd contamination levels at the six sites markedly differs from those based on tissue Cd concentrations. We propose that this approach will be useful for interpreting data from past and future biomonitoring programs.

Deposit Interest Rate in Russia increased to 19.39 percent in May from 19.32 percent in April of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Russia.

China CD of Commercial Bank (AAA-) Yield: Yield to Maturity: 1 Month data was reported at 1.610 % pa in 16 May 2025. This records an increase from the previous number of 1.580 % pa for 15 May 2025. China CD of Commercial Bank (AAA-) Yield: Yield to Maturity: 1 Month data is updated daily, averaging 2.447 % pa from Jul 2015 (Median) to 16 May 2025, with 2453 observations. The data reached an all-time high of 5.779 % pa in 27 Dec 2017 and a record low of 1.000 % pa in 07 Apr 2020. China CD of Commercial Bank (AAA-) 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.

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 July of 2025.

The US National Oceanographic Data Center (NODC) produced twelve (12) CD-ROMs containing World Ocean Circulation Experiment (WOCE) Version 1 project data in the summer of 1998. NODC produced fifteen (15) CD-ROMs containing WOCE Version 2 project data in the fall of 2000. The WOCE Global Data Version 3.0 suite consists of two (2) DVDs. The WOCE Global Data Version 3.0 DVD suite consists of 2 single-sided and double-layered DVDs. A Web browser is required to fully explore and access the DVD contents. Data on these disks cover most of the global ocean and are from the period of 1990 to 1998, the intensive observation phase of WOCE. Some data from before and after this period are also included. The 2 DVDs were archived in NCEI Accession 0000841. The WOCE GDR data streams were: Bathymetry, Current Meters, Drifters, Hydrography, In-Situ Sea Level-Fast Delivery, In-Situ Seal Level-Delayed Mode, Profiling Floats, Satellite Sea Surface Height, Satellite Sea Surface Temperature, Satellite Surface Winds, Sea Surface Salinity, Shipboard Acoustic Doppler Current Profilers, Subsurface Floats, Surface Meteorology, and Upper Ocean Thermal. Presentations given during the WOCE and Beyond Conference are archived with this DVD product, but are not part of the two DVD set. NODC produced fifteen (15) CD-ROMs containing WOCE project data in the fall of 2000. This is version 2.0 of WOCE project data. Each CD was assigned an accession number for inventory purposes: Data Information Unit & Bathymetry - NCEI Accession 0000306 Disk 1 Hydrographic Programme - NCEI Accession 0000307 Disk 2 Upper Ocean Thermal - NCEI Accession 0000308 Disk 3 Subsurface Floats - NCEI Accession 0000309 Disk 4 Surface Velocity Programme - NCEI Accession 0000310 Disk 5 Current Meter Moorings - NCEI Accession 0000311 Disk 6 Acoustic Doppler Current Profilers - NCEI Accession 0000312 Disk 7 Sea Level - NCEI Accession 0000313 Disk 8 Surface Meteorology - NCEI Accession 0000314 Disk 9 Surface Fluxes - NCEI Accession 0000315 Disk 10 Satellite Data - Sea Surface Height - NCEI Accession 0000316 Disk 11 Satellite Data - Sea Surface Temperature - NCEI Accession 0000317 Disk 12 Satellite Data - Wind Data - NCEI Accession 0000318 Disk 13 eWOCE: Electronic Atlas of WOCE Data - NCEI Accession 0000319 Disk 14 Hydrographic Programme - BATS/HOTS Timeseries - NCEI Accession 0000320 Disk 15 NODC produced twelve (12) CD-ROMs containing WOCE Version 1 project data in the summer of 1998. Each CD was assigned an accession number for inventory purposes. WOCE CD Data Information Unit & Bathymetry - NCEI Accession 9800097 WOCE CD Hydrography - NCEI Accession 9900198 WOCE CD Hydrographic Products - NCEI Accession 9800099 WOCE CD XBTs - NCEI Accession 9800100 WOCE CD Subsurface Floats - NCEI Accession 9800101 WOCE CD Drifting Buoys - NCEI Accession 9800102 WOCE CD Current Meters - NCEI Accession 9800103 WOCE CD ADCP - NCEI Accession 9800104 WOCE CD Sea Level - NCEI Accession 9800105 WOCE CD Surface Meteorology - NCEI Accession 9800106 WOCE CD Surface Fluxes - NCEI Accession 9800107 WOCE CD Satellite Altimetry & Temperature - NCEI Accession 9800108 WOCE was a part of the World Climate Research Programme (WCRP) which used resources from nearly 30 countries to make unprecedented in-situ and satellite observations of the global ocean between 1990-1998, and to observe poorly-understood but important physical processes. The Scientific Steering Group (SSG) of WOCE oversaw the scientific development and the International Project Office (IPO) managed the implementation of the Experiment.

Designing efficient photocatalysts for the reduction of hexavalent chromium (Cr(VI)) in wastewater was crucial but challenging. Herein, a nanoscale CdS@Ho-MOF photocatalyst composite was successfully synthesized by the anchoring of CdS quantum dots within the curved channels of Ho-MOF. The nanocomposite CdS@Ho-MOF-43.66% demonstrated outstanding performance, efficiently and swiftly photocatalyzing Cr(VI) to Cr(III) in aqueous solutions, which solely utilized water as the electron donor, eliminating the need for additional photosensitizers or cocatalysts. Under visible light irradiation and acidic conditions, CdS@Ho-MOF-43.66% showed a high rate constant (k) of 1.39 min–1, a fast reduction rate of 12.41 mg Cr(VI) g–1 cata min–1, and a superior reaction efficiency of 99%. The composite material demonstrated a 5-fold and 11-fold enhancement in reaction rate compared to pure CdS quantum dots and Ho-MOF, respectively, highlighting its synergistic catalytic superiority. Impressively, the prominent performance remained remarkably consistent even after undergoing seven cycles. The formation of an indirect Z-scheme heterojunction between CdS and Ho-MOF within the nanocomposite predominantly accounted for the elevated photocatalytic performance, which enhanced the separation efficiency of photogenerated charge carriers. This study provided an avenue for the development of cost-effective and high-performance photothermal catalysts for the catalytic reduction of Cr(VI).

South Atlantic benthic foraminiferal Cd/Ca shows no glacial-interglacial variation, suggesting that the glacial contribution of North Atlantic Deep Water to the Southern Ocean was not much different than at present. In contrast, Cd/Ca in southeast Indian Ridge cores show lower glacial bottom water Cd, comparable to levels in intermediate depths of the North Atlantic and significantly lower than in the deep South Atlantic. Low glacial Cd/Ca was also recorded in planktonic foraminifera, suggesting a substantial decrease in the nutrient concentration of Subantarctic surface water during the glacial maximum which most likely was caused by increased biological productivity. The Cd data are inconsistent with low glacial benthic foraminiferal d13C which suggest higher nutrient concentration. We propose that the low Cd/Ca in the Southeast Indian Ridge records reflects a local source of nutrient-depleted deepwater, formed during the last glacial maximum by open-ocean convection near the Antarctic Polar Front, downstream of the Kerguelene Plateau. If this source was limited to the southeast Indian basin then its impact on the overall chemistry of glacial Circumpolar Deepwater was rather small. However, if during glaciations open-ocean convection became the dominant mode of bottom water formation, it might have had a greater impact on CPDW chemistry.