Goldman Sachs’ Marcus Offers 4% APY on 14-Month CD
GS•Marcus by Goldman Sachs is offering a 14-month CD at 4% APY, the highest available rate on May 28, 2026. The competitive yield could boost GS’s retail deposit base as CD rates trend lower following Fed rate cuts totaling one percentage point in late 2024 and three cuts in 2025.
1. CD Offering Details
Marcus by Goldman Sachs launched a 14-month certificate of deposit at 4% annual percentage yield, the highest rate available among major banks on May 28, 2026. The product targets savers seeking higher returns in a low-rate environment.
2. Recent Fed Rate Cuts
The Federal Reserve reduced its benchmark federal funds rate by one percentage point through three cuts in late 2024 and recorded three further cuts in 2025 before holding rates steady in 2026. These actions have driven down CD rates industry-wide, making the 4% APY particularly attractive.
3. Deposit Growth Implications
By offering the top CD rate, Goldman Sachs aims to bolster its retail deposit base and diversify its funding sources. Increased low-cost deposits could enhance the bank’s liquidity and reduce reliance on wholesale funding, potentially strengthening net interest margins over the medium term.
