Goldman’s Retail Arm Offers 4% APY CD and Targets $1B Kuwait IPO Mandate

GS•2026-06-02

Goldman Sachs’s retail banking arm Marcus now offers a 4% APY 14-month CD, the highest available rate to date. Goldman is also working on its first Kuwait IPO advisory mandate for online retailer Boutiqaat, which seeks a valuation above $1 billion with a possible 1Q2027 listing.

1. Marcus by Goldman Sachs Raises CD Rate to 4% APY

On June 2, Marcus by Goldman Sachs introduced a 4% APY for its 14-month certificate of deposit, marking the highest yield among short-term CDs. This move aims to attract new deposits and strengthen its consumer banking deposits base against a backdrop of rising interest rates.

2. Goldman Pursues First Kuwait IPO Advisory Mandate with Boutiqaat

Goldman Sachs has begun preliminary discussions to advise Kuwaiti e-commerce firm Boutiqaat on an IPO targeting a valuation exceeding $1 billion. If executed in early 2027, this would be Goldman’s first listing mandate in Kuwait and a strategic step in its Gulf market expansion.