With the nation-wide rollout of the Covid-19 vaccination, the economy has been on a slow recovery, and the CD rates have been promising to up. However, it will be a gradual process before the ultimate full recovery. In 2020-21, CD rates had plummeted to near zero as the economy absorbed the pandemic shock. With the Federal Reserve emergencies cutting on the rates in the bid to stimulate the economy, banks and credit unions also lowered CDs rates, and they are still reluctant to take in more deposits.