Marcus by Goldman Sachs Leads With 4% APY on 14-Month CD as Fed Holds Rates Steady

On May 29, 2026, Marcus by Goldman Sachs offers a 4% annual percentage yield (APY) on its 14-month certificate of deposit, the highest available nationwide. The yield persists despite the Federal Reserve leaving its benchmark rate unchanged in 2026 after six cuts since late 2024, underscoring selective rate competition among banks for short-term deposits. Other top yields approach 4% for terms of one year or less, according to verified partners, far outpacing the FDIC’s national average CD rate for May 2026. Online banks and credit unions dominate the high-yield segment, passing on savings from lower overhead costs. While CDs provide federal insurance and locked returns, early withdrawal penalties and inferior long-term growth versus equities remain key tradeoffs for investors.