Marcus by Goldman Sachs 14-Month CD Yields 4% APY
GS•Despite declining deposit account rates, Marcus by Goldman Sachs is offering a 14-month CD at 4% APY, the highest available today. Short-term certificates (six to 12 months) now average around 4% APY, securing competitive yields compared to traditional savings accounts.
1. Current CD Rate Landscape
Deposit accounts have trended downward, yet short-term certificates of deposit still deliver robust returns. Six- to 12-month CDs are averaging roughly 4% APY, a level unseen since peak rate-hike cycles earlier this decade.
2. Marcus by Goldman Sachs CD Offer
Marcus by Goldman Sachs leads with a 14-month CD at 4% APY, the top rate available today. This offering underscores the bank’s effort to attract retail deposits by outpacing traditional savings yields.
3. Implications for Goldman Sachs
By offering a standout 4% APY, Goldman Sachs aims to bolster deposit balances and diversify its funding mix. Higher rates may elevate funding costs but could enhance net interest margins if deposits fuel loan growth.
