Marcus by Goldman Sachs (GS) Offers 4% APY on 14-Month CD as Deposit Rates Stay Elevated

Marcus, Goldman Sachs’ (NYSE: GS) consumer platform, is offering a 4.00% annual percentage yield on a 14-month certificate of deposit as of June 2, 2026, the highest widely available rate. Short-term CD yields have held near 4% despite three Federal Reserve rate cuts in 2025 and an extended pause in 2026, keeping returns well above the sub-1% averages that prevailed for much of the 2010s. That resilience reflects an inverted yield curve, with 12-month CDs now paying more than longer-dated terms. The average 12-month CD rate peaked above 5% in 2024 before declining as the Fed began easing, and analysts caution that additional rate cuts could erode current yields.