Goldman Sachs Offers 4.10% APY on 14-Month CD to Boost Deposits
GS•Marcus by Goldman Sachs has introduced a 14-month certificate of deposit offering 4.10% APY, the highest available rate among major financial institutions after three Fed rate cuts in 2025. This premium yield could drive incremental retail deposit growth for Goldman Sachs’s consumer banking segment.
1. CD Offering and Terms
Marcus by Goldman Sachs has launched a 14-month certificate of deposit with a 4.10% APY, representing the highest retail CD rate among major institutions following three Federal Reserve cuts in 2025.
2. Comparison to Market Averages
The national average for a one-year CD remains near 1.65% APY, while online banks and credit unions often exceed traditional rates, highlighting the competitiveness of Goldman Sachs’s new CD offering.
3. Implications for Goldman Sachs
This high-yield CD is poised to attract incremental retail deposits, strengthen the bank’s funding base and potentially enhance net interest margins as Goldman Sachs expands its consumer banking deposit portfolio.
