Goldman Sachs’ Marcus Launches 14-Month CD at 4.10% APY
GS•Marcus by Goldman Sachs is offering a 14-month CD at 4.10% APY, the highest rate among surveyed institutions. Federal Reserve cuts totaling 100 basis points since late 2024 and no further reductions expected in 2026 have driven CD rates down from last year’s peaks.
1. Marcus by Goldman Sachs Tops CD Rates
Marcus by Goldman Sachs is offering a 14-month certificate of deposit at a 4.10% APY, marking the highest rate available from leading financial institutions as of July 2, 2026. The promotional rate applies to new deposits meeting the minimum balance requirements.
2. Fed Rate Cuts Drive Deposit Yields
The Federal Reserve reduced its target federal funds rate by a cumulative 100 basis points across three cuts in late 2024 and December 2025. With no additional cuts anticipated in 2026, banks have begun lowering CD yields, making the current 4.10% APY among the most competitive offerings.
3. Implications for Goldman Sachs’ Funding
Attractive CD rates can boost retail deposits and enhance funding stability for Goldman Sachs, potentially offsetting higher wholesale borrowing costs. The Marcus CD product expands the firm’s consumer banking footprint and could support broader deposit growth objectives.
