Marcus by Goldman Sachs Tops CD Rates with 4% APY on 14-Month Term
Marcus by Goldman Sachs is offering a 4% APY on a 14-month CD, the highest rate available among US banks today. This competitive rate could drive substantial retail deposit growth, affecting Goldman Sachs’ deposit funding base and net interest margins.
1. Marcus Launches 14-Month 4% APY CD
Marcus by Goldman Sachs has introduced a 14-month certificate of deposit carrying a 4% annual percentage yield, the current market leader. Following three Fed rate cuts in 2025 and a rate hold so far in 2026, this product offers savers a rare opportunity to secure a high fixed return.
2. Implications for Deposit Funding and Margins
The attractive yield is likely to draw significant retail deposits to Marcus, expanding Goldman Sachs’ low-cost funding base but also raising its overall deposit expenses. If deposit rates outpace asset yields, the bank’s net interest margin could face downward pressure.