The product CD 6-month Account from Goldman Sachs Bank with 4.05% 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 $29,748. The interest earned would be $9,748 and the tax amount on the interest earned would be approximately $2,924.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.22% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 31 |
| 2 | 20,045 | 45 | 31 |
| 3 | 20,090 | 45 | 32 |
| 4 | 20,135 | 45 | 32 |
| 5 | 20,180 | 45 | 32 |
| 6 | 20,225 | 45 | 32 |
| 7 | 20,270 | 45 | 32 |
| 8 | 20,316 | 46 | 32 |
| 9 | 20,361 | 46 | 32 |
| 10 | 20,407 | 46 | 32 |
| TOTAL: | $453 | $317 |
| Rate: 4.05% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 810 | 567 |
| 2 | 20,810 | 843 | 590 |
| 3 | 21,653 | 877 | 614 |
| 4 | 22,530 | 912 | 639 |
| 5 | 23,442 | 949 | 665 |
| 6 | 24,392 | 988 | 692 |
| 7 | 25,379 | 1,028 | 720 |
| 8 | 26,407 | 1,069 | 749 |
| 9 | 27,477 | 1,113 | 779 |
| 10 | 28,590 | 1,158 | 811 |
| TOTAL: | $9,748 | $6,823 |
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.
| Date | APY |
|---|---|
| October 8, 2025 | 4.05% |
| September 22, 2025 | 4.25% |
| September 3, 2025 | 4.40% |
| February 25, 2025 | 4.20% |
| November 17, 2024 | 4.10% |
| October 29, 2024 | 4.20% |
| October 3, 2024 | 4.30% |
| September 26, 2024 | 4.50% |
| September 18, 2024 | 4.60% |
| August 22, 2024 | 4.85% |
| July 25, 2024 | 5.10% |
| April 3, 2024 | 4.80% |
| March 22, 2024 | 4.90% |
| January 15, 2024 | 5.25% |
| November 30, 2023 | 5.10% |
| October 12, 2023 | 4.90% |
| August 20, 2023 | 4.85% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$5,000 |
Learn More | |
|
Last change: ↓0.05% on October 7. |
||||
|
|
4.20% |
$1,500 |
Learn More | |
|
Last change: ↓0.10% on October 13. |
||||
Customer Reviews for Goldman Sachs Bank (52)
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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