Goldman Sachs’ Marcus Offers 4% APY on 14-Month CD
GS•Marcus by Goldman Sachs currently offers a 14-month certificate of deposit at a 4% APY, the highest available today. Short-term CDs of six to 12 months generally yield around 4% APY, reflecting a flattening of the yield curve that could influence Goldman Sachs' deposit growth and margin pressures.
1. Marcus 14-Month CD at 4% APY
Marcus by Goldman Sachs currently leads the market with a 4% APY on its 14-month certificate of deposit, up from typical offerings under 1% in the early 2020s. This marks the highest rate available among major banks for this term as of mid-June 2026.
2. Deposit Rate Trends and Yield Curve Flattening
Short-term CDs ranging from six to 12 months are now yielding around 4% APY, reflecting an inversion in the traditional term structure where longer maturities no longer carry higher rates. This flattening yield curve signals market expectations for future rate cuts.
3. Implications for Goldman Sachs’ Deposits and Margins
Goldman Sachs may see a surge in retail deposits as savers chase higher yields, but the elevated APY could compress net interest margins if asset yields do not adjust accordingly. Sustaining these rates could require balancing deposit growth with profitability pressures.
