Marcus by Goldman Sachs Offers 4% APY on 1-Year CD
Goldman Sachs's online banking unit Marcus is offering a 1-year CD at 4% APY with a $500 minimum deposit, the highest rate available on March 14, 2026. Following three 2025 Fed rate cuts, this premium yield could drive substantial retail deposit growth for the firm.
1. Marcus Launches 4% APY 1-Year CD
On March 14, 2026, Marcus by Goldman Sachs introduced a one-year certificate of deposit offering 4% APY, requiring a $500 minimum deposit. This rate leads the market for comparable short-term retail CDs.
2. Impact of 2025 Fed Rate Cuts
After three federal funds rate reductions in 2025, benchmark yields have declined, intensifying competition among institutions for deposits. Marcus’s high APY offering may represent one of the final opportunities to secure above-market returns before rates fall further.
3. Strategic Implications for Goldman Sachs
By attracting retail deposits with a premium yield, Goldman Sachs strengthens its liquidity base and lowers its cost of funding. Enhanced deposit growth supports the firm’s lending capacity and may improve net interest margins over time.