Goldman Sachs’s Marcus Launches 14-Month CD at Top 4% APY
GS•Marcus by Goldman Sachs is offering a 14-month CD at a 4% APY, the highest rate available on June 25, 2026. CD rates have fallen since the Federal Reserve’s three late-2024 target rate cuts, pressuring deposit yields and potentially raising Goldman Sachs’s funding costs and net interest margin headwinds.
1. Marcus’s 14-Month CD Details
On June 25, 2026, Marcus by Goldman Sachs introduced a 14-month certificate of deposit offering a 4% annual percentage yield, the highest available rate among major banks. The product aims to attract savers seeking above-average returns on secure deposits.
2. Fed Rate Cuts and CD Trends
The Federal Reserve cut its target rate by one percentage point across three moves in late 2024 and a further cut in December 2025. These reductions have led to CD rate declines this year, though institutions like Marcus continue to offer competitive rates to lock in savers.
3. Implications for Funding Costs
Higher CD yields raise Goldman Sachs’s cost of deposits, which could compress its net interest margin if lending rates do not adjust upward. The bank may balance this by adjusting loan pricing or emphasizing fee-based wealth management services.
4. Competitive Landscape
Several online banks offer CD rates near or above 4% APY, intensifying competition for deposits. Goldman Sachs will need to monitor rivals’ rate adjustments to maintain its standing among high-yield savings products.
