Goldman Sachs Marcus Offers 4% APY on 14-Month CD to Boost Deposits
GS•Goldman Sachs’s Marcus unit is offering a 4% APY on its 14-month certificate of deposit, the highest rate available today among online banks and credit unions. Following three federal funds rate cuts in 2025 and no changes in 2026, this boost could drive Marcus’s deposit growth and net interest income.
1. Marcus Unit Launches 4% APY 14-Month CD
The Marcus by Goldman Sachs platform has introduced a 14-month certificate of deposit with a 4% APY, the highest rate among comparable online banks and credit unions as of May 30, 2026.
2. Interest Rate Background
The Federal Reserve reduced the federal funds rate three times in 2025 and has maintained rates unchanged throughout 2026, creating a competitive environment where high-yield deposits stand out to savers.
3. Implications for Deposits and NII
Offering a top-tier CD rate could accelerate deposit inflows at Marcus, bolstering Goldman Sachs’s funding base and potentially lifting net interest income as lower-cost retail deposits replace more expensive wholesale funding.
