Goldman Sachs Offers 14-Month CD at 4% APY and Sees Rising CDS Demand
GS•Marcus by Goldman Sachs is offering a 14-month CD at 4% APY to boost consumer deposits. Goldman Sachs trading desks saw net notional insurer CDS bets rise to $5.5 billion in May from $4.9 billion at year-end, supporting fixed-income revenues.
1. Marcus CD Boosts Deposit Growth
Goldman Sachs introduced a new 14-month certificate of deposit offering a 4% annual percentage yield through its Marcus platform. This rate positions the bank competitively in the retail market and aims to attract additional client deposits to strengthen its funding base.
2. Insurer CDS Trading Expands
Goldman Sachs trading desks have increased offerings of insurance sector credit-default swaps in response to elevated client demand. Net notional exposure on US insurer CDS rose from $4.9 billion at year-end to $5.5 billion by May, driving incremental fixed-income revenue.
