Goldman Sachs’ Marcus Leads with 4.05% APY on 9-Month CD
Marcus by Goldman Sachs offers a 4.05% APY on its 9-month CD, the highest among today’s short-term certificates, as deposit rates generally decline. Six- to 12-month CDs yield 4% to 4.5% APY, signaling a flattened yield curve after three Federal Reserve rate cuts in 2025.
1. Marcus CD Rate Leadership
Marcus by Goldman Sachs currently offers a 4.05% APY on its nine-month certificate of deposit, the top rate among available short-term products. This positions Marcus at the forefront of the market as banks compete to attract new deposits with higher yields.
2. Deposit Rate Trends
CD rates have retraced from their post-pandemic peaks following three Federal Reserve rate cuts in 2025. Six- to 12-month CDs now yield between 4% and 4.5% APY, reflecting a flattening or inversion of the yield curve amid evolving rate expectations.
3. Implications for Goldman Sachs
Higher CD rates may boost deposit growth for Marcus, but they also raise the firm’s cost of funds and could compress net interest margins. Management may need to balance competitive consumer rates with profitability targets in its consumer banking division.