Goldman Sachs Offers 4% APY CD as Hedge Funds Drive Tech Trading to Records
GS•Goldman Sachs' Marcus unit now offers a 14-month CD at 4% APY, the highest rate among peers, likely to attract significant deposit inflows. Its Prime Brokerage arm reports hedge funds holding record-high technology positions relative to the MSCI World Index since 2016, poised to boost trading revenue.
1. Marcus unit launches 4% APY 14-month CD
Marcus by Goldman Sachs has introduced a 14-month certificate of deposit offering 4% APY, the highest rate currently available among major online banks. This elevated yield is expected to drive substantial retail deposit inflows and strengthen the firm’s funding base.
2. Prime Brokerage sees record tech holdings
Goldman Sachs Prime Brokerage data shows hedge funds have built technology stock positions to record highs relative to the MSCI World Index since 2016, with heavy allocations to semiconductors and AI-driven software. This surge in tech bets is likely to translate into increased trading volumes and higher fee income for the division.
