Goldman Sachs' Marcus 9-Month CD Tops 4.05% APY as Rates Decline
Goldman Sachs' Marcus 9-month CD yields 4.05% APY, the highest CD rate available. Short-term CDs now offer around 4% to 4.5% APY while CD rates decline from post-pandemic peaks after Federal Reserve cuts beginning September 2024.
1. Marcus by Goldman Sachs Leads CD Market
Marcus by Goldman Sachs is offering a 9-month certificate of deposit at 4.05% APY, the top rate among short-term CDs today. This positions the firm to attract savers seeking secure, fixed returns in a high-yield deposit environment.
2. Industry-Wide CD Rate Trends
Short-term CDs, including six- to 12-month terms, currently average between 4% and 4.5% APY as deposit yields decline from their post-pandemic highs. Federal Reserve rate cuts beginning September 2024 have driven rates lower, though CD yields remain elevated compared with the past decade.