Compound Interest Calculator
CD 4-year Account from Goldman Sachs Bank with 4.40% APY and $500 minimum deposit
Use or Change These Amounts and Rates
The product CD 4-year Account from Goldman Sachs Bank with 4.40% APY and $500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,763. The interest earned would be $10,763 and the tax amount on the interest earned would be approximately $3,229.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Goldman Sachs Bank
Savings Boost of
$6,337 over 10 years
$6,337 over 10 years
Cash Savings
$20,000
Average Interest Earned
$1,197
Goldman Sachs Bank Interest Earned
$7,534
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.82% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 165 | 115 |
| 2 | 20,165 | 166 | 116 |
| 3 | 20,331 | 168 | 117 |
| 4 | 20,498 | 169 | 118 |
| 5 | 20,667 | 170 | 119 |
| 6 | 20,838 | 172 | 120 |
| 7 | 21,009 | 173 | 121 |
| 8 | 21,183 | 175 | 122 |
| 9 | 21,357 | 176 | 123 |
| 10 | 21,533 | 177 | 124 |
| TOTAL: | $1,710 | $1,197 |
Goldman Sachs Bank Scenario
| Rate: 4.40% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 880 | 616 |
| 2 | 20,880 | 919 | 643 |
| 3 | 21,799 | 959 | 671 |
| 4 | 22,758 | 1,001 | 701 |
| 5 | 23,759 | 1,045 | 732 |
| 6 | 24,805 | 1,091 | 764 |
| 7 | 25,896 | 1,139 | 798 |
| 8 | 27,035 | 1,190 | 833 |
| 9 | 28,225 | 1,242 | 869 |
| 10 | 29,467 | 1,297 | 908 |
| TOTAL: | $10,763 | $7,534 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| October 7, 2026 | 4.40% |
| September 11, 2026 | 4.35% |
| August 20, 2026 | 4.00% |
| April 27, 2026 | 3.70% |
| October 8, 2025 | 3.85% |
| September 10, 2025 | 3.85% |
| February 25, 2025 | 3.75% |
| November 17, 2024 | 3.60% |
| October 3, 2024 | 3.85% |
| August 16, 2024 | 4.00% |
| August 5, 2024 | 4.05% |
| March 22, 2024 | 4.05% |
| November 30, 2023 | 4.20% |
| August 20, 2023 | 4.00% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD. 12-Month |
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|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.75% |
$0 |
Learn More | |
|
Last change: ↑0.40% on October 11. |
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Customer Reviews for Goldman Sachs Bank (52)
3.5 out of 5 based on 37 ratings
A Terkowitz
February 15, 2024 |
best bank on the list but no longer the most competitive
Is this review helpful? Yes:0 / No: 0
John WIlliamson
August 6, 2022 |
The idea that they aren't competing is wrong. They'll give you 1% more on your savings if you run around promoting their brand and get a friend to sign up. Great marketing scheme actually, since those so inclined will be blasting a code through social media and hyping the brand for which they will receive a max of about $750 in compensation. And, those not able to get the extra 1% will try anyway over Labor Day and still help them build brand equity.
Is this review helpful? Yes:3 / No: 0
jp2
July 1, 2022 |
completely crazy that they aren't competing. tumin over at DA pointed out that the last time that fed funds was 1.50 to 1.75, Marcus was at 1.50%.. now they are at 1% and will give you an extra 5 bps if you play around with their np cd. time to move out of this one and say so long.
Is this review helpful? Yes:3 / No: 1
Lisa
June 24, 2022 |
No longer competing on service or rate. Bye.
Is this review helpful? Yes:3 / No: 1
Rebecca
April 26, 2022 |
Goldman Sachs or Marcus is a dependable brand that always stays competitive and focuses on the user experience. This is more than I can say for the others on this list. Plus, look for their No Penalty CD option as a nice way to make a little more on your cash while surrendering liquidity for only 10 days.
Is this review helpful? Yes:1 / No: 2
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