Goldman Sachs’s Marcus unit is offering a 9-month certificate of deposit with a 4.05% annual percentage yield, the highest short-term CD rate available among major U.S. banks. This move aims to attract new retail deposits as overall CD rates decline, potentially boosting the firm’s liquidity and net interest margins.

The firm has introduced a quant trading service for retail investors, granting access to algorithmic strategies that were previously exclusive to institutional clients. By democratizing sophisticated trading models, Goldman Sachs seeks to diversify fee-based revenue streams and capture growth in the burgeoning digital investing market.