Marcus by Goldman Sachs Tops CDs with 4.05% APY on Nine-Month Term
Marcus by Goldman Sachs' 9-month CD yields a market-leading 4.05% APY, topping competitor rates as deposit costs trend lower following Federal Reserve rate cuts. This competitive offering aims to attract savings inflows into GS's Marcus platform as CD yields begin to decline industry-wide.
1. Marcus Launches 4.05% APY Nine-Month CD
Marcus by Goldman Sachs now offers a 4.05% annual percentage yield on its nine-month certificate of deposit, the highest rate available among major online and traditional banks. This product aims to capture savers looking for secure, short-term lock-in at elevated yields compared with standard savings accounts.
2. CD Rate Environment
Certificate of deposit rates have declined since the Federal Reserve cut its target rate three times in late 2024, yet several institutions still offer yields above 4%. As banks adjust deposit costs downward, Marcus’s 4.05% APY stands out as a leading rate in the current market.
3. Implications for Deposit Growth
By featuring the top CD rate, Goldman Sachs seeks to drive incremental retail deposits into its Marcus platform, bolstering its funding base. Higher consumer inflows could support the firm’s lending operations and improve liquidity metrics in a tightening rate environment.