Goldman Sachs’s online banking arm, Marcus, has introduced a nine-month certificate of deposit with a 4.05% annual percentage yield, the highest available among comparable online banks and credit unions. This offering represents the most aggressive yield in the market for short-term CDs, aiming to attract new depositors seeking higher returns.

The Federal Reserve implemented three federal funds rate cuts in 2025 and has held rates steady in 2026. With policy unchanged so far this year, market participants view today’s rates as potentially the peak for short-term deposit products before any future easing or tightening efforts.

By offering a top-tier CD rate, Goldman Sachs hopes to boost its deposit base and strengthen its funding mix amid competitive pressure. However, higher deposit yields may narrow net interest margins if lending rates do not adjust proportionally.