Goldman Sachs’ Marcus Unit Tops CDs with 4% APY on 9-Month Certificate
Goldman Sachs unit Marcus offers a 9-month CD at the top rate of 4% APY, outperforming other short-term certificates. Even after three Fed rate cuts in 2025 and stable policy in 2026, high CD yields support potential net interest income and deposit inflows for the bank.
1. CD Rate Offering Highlights
Marcus by Goldman Sachs currently offers a 9-month certificate of deposit at a 4% APY, the highest rate available among short-term CDs. This yield surpasses typical six- to 12-month CD rates, positioning the bank to attract savers seeking above-market returns.
2. Rate Environment and Trends
After three federal funds rate cuts in 2025 and unchanged rates so far in 2026, CD yields have eased from post-pandemic peaks yet remain elevated by historical standards. The inverted CD yield curve, with 12-month terms offering top APYs, signals expectations of future rate declines.
3. Implications for Goldman Sachs
Offering industry-leading CD rates helps Goldman Sachs bolster its deposit base and enhance net interest income through low-cost funding. Competitive yields on Marcus products may also drive retail customer acquisition and diversify the bank’s funding sources beyond institutional markets.