Goldman's Marcus Launches 14-Month CD at 4.10% APY
GS•As of July 8, 2026, Marcus by Goldman Sachs introduced a 14-month certificate of deposit yielding 4.10% APY, the highest short-term CD rate available. This competitive offering could drive retail deposit inflows while potentially squeezing Goldman's net interest margin with deposit rates trending down.
1. Marcus Introduces 14-Month CD at 4.10% APY
As of July 8, 2026, Marcus by Goldman Sachs launched a 14-month certificate of deposit offering 4.10% APY, securing the top yield among short-term CDs in the market.
2. Competitive Landscape of CD Rates
Short-term CDs of six to 12 months currently offer rates between 4.0% and 4.5% APY, with overall deposit account yields declining, positioning Goldman's rate at the upper end.
3. Potential Impacts on Goldman's Deposits and Margins
The high-yield CD may attract new retail deposits to Marcus, enhancing funding diversification, but could narrow Goldman's net interest margin if funding costs rise.
