Marcus by Goldman Sachs is offering a nine-month CD at 4% APY, the highest rate available on May 14, 2026. This product requires a minimum deposit as specified by Marcus, positioning it above most online and brick-and-mortar banks amid declining market yields.

Since late 2024, the Fed has cut its target rate by 100 basis points over three actions, with no further cuts so far in 2026. These reductions have prompted banks to lower deposit rates, though Marcus has maintained a relatively high offering to attract savers.

By promoting a top-tier CD rate, Goldman Sachs aims to boost its retail deposit base and diversify funding sources. Sustaining a 4% yield could pressure net interest margin but may enhance customer acquisition in a competitive savings landscape.