In the US, with deposits rising to Sept. 30 2016 to about $11.5 trillion, CDs are still a common investment instrument for retail customers. However banks have not passed on depositors much of an increase of rates from last year’s Fed rate increase and WSJ forecasts that is isnt’t likely from the recent rate rise earlier this month. The Fed on the 13th of Dec increased its short-term rate target by a quarter of a percentage point, with a range of 0.50 to 0.75 percentage point. At, banks just increased rates their mortgage products in its latest updates with only few increased CD rates and the WSJ consensus is that banks generally do not  rush to increase deposit rates, allowing them to have a higher net interest margin spread, between what they earn on mortgages and what they pay to customers for deposits. WSJ indicates that it is likely that deposits will lag for a period of time, however if rates do rise significantly, it may begin to incentivize consumers to begin switching accounts to higher yielding deposits and therefore put pressure to offer more competitive rates.