Marcus by Goldman Sachs has introduced a 9-month certificate of deposit yielding 4% APY, marking the highest short-term deposit rate among leading institutions. The offering requires a competitive minimum opening balance and is available through GS’s online platform, targeting savers seeking fixed-rate returns before potential rate declines.

This high-yield CD is designed to attract new retail deposits to GS’s consumer banking unit, bolstering its funding base amid a low interest rate environment. By locking in higher deposit rates, Goldman Sachs aims to diversify its liability mix, enhance liquidity stability and support net interest margin as broader CD rates trend downward.