Marcus by Goldman Sachs' 14-Month CD Leads with 4.10% APY: Top Savings Rates in 2026

Marcus by Goldman Sachs is offering the highest certificate of deposit (CD) rate as of July 17, 2026, with a 14-month term yielding 4.10% APY. This follows the Federal Reserve's three consecutive rate cuts in late 2024 and three in 2025, yet competitive returns persist for short-term CDs. Digital banks like Marcus, benefiting from lower overhead costs, continue to outperform traditional banks, which average significantly below these rates according to FDIC data.

Digital Banks Dominate Deposit Yields

■Marcus by Goldman Sachs and other online institutions provide elevated savings rates due to reduced operational expenses.

■Credit unions, as non-profit cooperatives, redistribute profits to members, offering attractive CD rates despite restrictive membership criteria.

■Top rates for 6-month, 12-month, and 18-month terms range between 4.08% APY and 4.05% APY.

Investor Considerations: Stability vs. Growth

■CDs remain ideal for conservative savers seeking fixed returns but impose penalties for early withdrawal.

■For long-term objectives like retirement, equity investments historically deliver superior growth.

■The Fed's steady policy in 2026 supports deposit rate stability amid broader monetary tightening cycles.

Kemal Tekin Note: Current macroeconomic stability bolsters short-term opportunities in deposit products, particularly among digital-first banks. However, as a strategist in emerging markets (EM), I emphasize that currency volatility and inflationary pressures in developing economies warrant caution. For international investors, high-grade institutions like Marcus offer a stable, low-liquidity risk component in diversified portfolios. Domestically, the trend underscores a shift toward cost-efficient financial models in an evolving rate landscape.