Goldman Sachs’ Marcus unit unveils 4.10% APY on 14-month CD
GS•Marcus by Goldman Sachs is offering a 4.10% APY on its 14-month certificate of deposit as of July 5, 2026, the highest rate in the current market. This high-yield CD is poised to drive additional retail deposits and improve funding costs for Goldman Sachs’ consumer banking arm.
1. Marcus CD Rate Tops Market at 4.10% APY
On July 5, 2026, Marcus by Goldman Sachs launched a 14-month certificate of deposit offering 4.10% APY, the highest rate available among major retail banks and online lenders. This positions Marcus as a leader in the current high-yield savings environment.
2. Competitive Landscape of CD Rates
In contrast to typical market dynamics where longer terms yield higher rates, the 14-month Marcus CD outpaces both one-year and two-year products across peers. Other institutions are offering between 3.50% and 4.00% APY on similar terms, leaving Marcus at the top of rate tables.
3. Implications for Deposits and Funding Costs
By attracting savers with a market-leading APY, Goldman Sachs can bolster its deposit base without raising wholesale funding. Incremental retail inflows at this rate may lower overall funding costs and support expansion of the firm’s consumer lending and wealth management initiatives.
