Marcus by Goldman Sachs offers 4% APY on 14-month CD as Fed holds rates steady

On June 5, 2026, Marcus by Goldman Sachs is offering a 4% annual percentage yield on its 14-month certificate of deposit, the highest rate among verified partners, as the Federal Reserve maintains its benchmark rate unchanged this year. The rate far exceeds the national average reported by the FDIC in May 2026. CD yields have declined steadily since the Fed cut rates six times across late 2024 and 2025. Despite that trend, online banks and credit unions—operating with lower overhead—continue to offer competitive short-term returns to attract depositors. While the yield lags potential equity gains, CDs with FDIC insurance remain a safe-haven option for principal protection. Account holders must lock in funds for the full term or face early withdrawal penalties.