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.

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.

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...

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.

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.

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

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.

Taiwan CBC Open Market: Yield: Weighted Avg: CD: More than 1 Year to 2 Year data was reported at 0.616 % pa in May 2018. This records a decrease from the previous number of 0.620 % pa for Apr 2018. Taiwan CBC Open Market: Yield: Weighted Avg: CD: More than 1 Year to 2 Year data is updated monthly, averaging 0.794 % pa from Mar 2000 (Median) to May 2018, with 98 observations. The data reached an all-time high of 5.416 % pa in May 2000 and a record low of 0.405 % pa in Aug 2016. Taiwan CBC Open Market: Yield: Weighted Avg: CD: More than 1 Year to 2 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.KA007: Central Bank of the Republic of China (CBC): Open Market Transactions.

Taiwan CBC Open Market: Yield: Weighted Avg: CD: 274 Days to 1 Year data was reported at 0.482 % pa in Sep 2018. This records an increase from the previous number of 0.481 % pa for Aug 2018. Taiwan CBC Open Market: Yield: Weighted Avg: CD: 274 Days to 1 Year data is updated monthly, averaging 0.898 % pa from Feb 2000 (Median) to Sep 2018, with 185 observations. The data reached an all-time high of 5.350 % pa in Feb 2000 and a record low of 0.338 % pa in Aug 2016. Taiwan CBC Open Market: Yield: Weighted Avg: CD: 274 Days to 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.KA007: Central Bank of the Republic of China (CBC): Open Market Transactions.

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 (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.

Herein, we report an alkali metal cation-dependent approach to gold recovery, facilitated by second-sphere coordination with eco-friendly α-cyclodextrin (α-CD). Upon mixing eight salts composed of Na+, K+, Rb+, or Cs+ cations and [AuX4]− (X = Cl/Br) anions with α-, β-, or γ-CD in water, co-precipitates form selectively from the three (out of 24) aqueous solutions containing α-CD with KAuBr4, RbAuBr4, and CsAuBr4, from which the combination of α-CD and KAuBr4 affords the highest yield. Single-crystal X-ray analyses reveal that in 20 of the 24 adducts CD and [AuX4]− anions form 2:1 sandwich-type second-sphere adducts driven partially by [C–H···X–Au] interactions between [AuX4]− anions and the primary faces of two neighboring CDs. In the adduct formed between α-CD and KAuBr4, a [K(OH2)6]+ cation is encapsulated inside the cavity between the secondary faces of two α-CDs, leading to highly efficient precipitation owing to the formation of a cation/anion alternating ion wire residing inside a continuous α-CD nanotube. By contrast, in the other 19 adducts, the cations are coordinated by OH groups and glucopyranosyl ring O atoms in CDs. The strong coordination of Rb+ and Cs+ cations by these ligands, in conjunction with the stereoelectronically favorable binding of [AuBr4]− anions with two α-CDs, facilitates the co-precipitation of the two adducts formed between α-CD with RbAuBr4 and CsAuBr4. In order to develop an efficient process for green gold recovery, the co-precipitation yield of α-CD and KAuBr4 has been optimized regarding both the temperature and the molar ratio of α-CD to KAuBr4.

We used two independent approaches, biometry and micrometeorology, to determine the net ecosystem production (NEP) of an old growth forest in Para, Brazil. Biometric inventories indicated that the forest was either a source or, at most, a modest sink of carbon from 1984 to 2000 (+0.8 +/- 2 Mg C(.)ha(-1.)yr(-1); a positive flux indicates carbon loss by the forest, a negative flux indicates carbon gain). Eddy covariance measurements of CO2 exchange were made from July 2000 to July 2001 using both open- and closed-path gas analyzers. The annual eddy covariance flux-calculated without correcting for the underestimation of flux on calm nights indicated that the forest was a large carbon sink (-3.9 Mg C.ha(-1.)yr(-1)). This annual uptake is comparable to past reports from other Amazonian forests, which also were calculated without correcting for calm nights. The magnitude of the annual integral was relatively insensitive to the selection of open- versus closed-path gas analyzer, averaging time, detrending, and high-frequency correction. In contrast, the magnitude of the annual integral was highly sensitive to the treatment of calm nights, changing by over 4 Mg C(.)ha(-1.)yr(-1) when a filter was used to replace the net ecosystem exchange (NEE) during nocturnal periods with u < 0.2 m/s. Analyses of the relationship between nocturnal NEE and u confirmed that the annual sum needs to be corrected for the effect of calm nights, which resulted in our best estimate of the annual flux (+0.4 Mg C(.)ha(-1.)yr(-1)). The observed sensitivity of the annual sum to the u* filter is far greater than has been previously reported for temperate and boreal forests. The annual carbon balance determined by eddy covariance is therefore less certain for tropical than temperate forests. Nonetheless, the biometric and micrometeorological measurements in tandem provide strong evidence that the forest was not a strong, persistent carbon sink during the study interval.

Carbon nanodots have drawn a great deal of attention due to their green and expedient opportunities in biological and chemical sciences. Their high fluorescence capabilities and low toxicity for living cells and tissues make them excellent imaging agents. In addition, they have a fluorimetric response against inorganic and organic species. Boron-doped carbon nanodots (B-CDs) with high fluorescence yield were produced from phenylboronic acid and glutamine as boron and carbon sources, respectively, by a hydrothermal method. First, the effects of the temperature on their fluorescence yield and the structural characteristics of B-CDs were investigated. Second, their cytotoxicity and cell death and proliferation behaviors were examined. The cytotoxicity was evaluated by the MTT assay. The cellular properties were evaluated with the distribution of caspase 3, Ki67, lamin B1, P16, and cytochrome c after the indirect immunoperoxidase technique. After the MTT assay, 1:1 dilution of all applicants for 24 h was used in the study. After immunohistochemical analyses, the application of B-CDs synthesized at 230 °C did not change control cell (Vero) proliferation, and also apoptosis was not triggered. Colo 320 CD133+ and CD133– cell-triggered apoptosis and cellular senescence were found to be synthesis temperature dependent. In addition, Colo 320 CD133– cells were affected relatively more than CD133+ cells from B-CDs. While B-CDs did not affect the control cells, the colon cancer stem cells (Colo 320 CD133+) were affected in a time-dependent manner. Therefore, the use of the synthesized B-CD product may be an alternative method for controlling or eliminating cancer stem cells in the tumor tissue.

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.

Deposit Interest Rate in Dominican Republic increased to 9.43 percent in June from 9.07 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Dominican Republic.

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.

Deposit Interest Rate in Colombia decreased to 10.17 percent in 2024 from 13.21 percent in 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Colombia.

Korea Yield on CD: Month Avg: 91 Days data was reported at 1.650 % pa in Jun 2018. This stayed constant from the previous number of 1.650 % pa for May 2018. Korea Yield on CD: Month Avg: 91 Days data is updated monthly, averaging 4.678 % pa from Mar 1991 (Median) to Jun 2018, with 328 observations. The data reached an all-time high of 23.111 % pa in Jan 1998 and a record low of 1.340 % pa in Sep 2016. Korea Yield on CD: Month Avg: 91 Days data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.M005: Securities Yield.

Deposit Interest Rate in Argentina decreased to 32.14 percent in June from 32.73 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Argentina.