Goldman’s Marcus Offers 4.05% APY CDs; Private Credit Eyes Card Debt
Marcus by Goldman Sachs tops CD rates with 4.05% APY on a nine-month product as short-term yields surpass longer-term offerings for the first time. Goldman’s private credit division is intensifying its pursuit of consumer credit-card receivables, indicating a strategic pivot toward higher-yield retail lending assets.
1. Marcus CD Rate Leadership
Marcus by Goldman Sachs is offering a 4.05% APY on its nine-month certificate of deposit, marking the highest short-term CD rate available. This reflects an inverted yield curve where banks are incentivizing shorter deposit terms more aggressively to attract capital amid shifting interest-rate expectations.
2. Shift Toward Consumer Credit-Card Receivables
Goldman Sachs’ private credit arm is increasingly targeting consumer credit-card debt as a new asset class, aiming to tap higher-yield retail lending opportunities. This move diversifies its portfolio away from traditional corporate loans and positions the firm to capitalize on rising consumer credit demand.