Santander Survey Reveals Gen Z Savings Surge and Growing Interest in CDs

A survey by Santander Bank found that 58% of Gen Zers have increased their savings since the year began, with 69% making sacrifices to save in Q2. Interest in certificates of deposit (CDs) is high, but familiarity is low, with 74% interested in opening a CD. Only 8% of Gen Z currently holds a CD, but 63% believe digital banking options offer more competitive rates for savings growth.