Certificates of deposits at Marcus are secured and FDIC insured-backed by the credit of the US Government and Goldman Sachs bank USA- Claimed by Marcus. We have presented a simplified user friendly Marcus by Goldman Sachs CD calculator to estimate earnings on the deposit.
Marcus by Goldman Sachs CD Calculator
Key Features of Marcus by Goldman Sachs CD Calculator:
- Inputs:
- Deposit Amount (USD): Principal amount.
- Interest Rate: Predefined based on Marcus CD rates (e.g., 4.50% for 1 year, 4.75% for 2 years, and 5.00% for 5 years).
- Tenure: Duration of deposit in years.
- Compounding Frequency: Options include annually, quarterly, and monthly.
- Outputs:
- Maturity Value: Total value after interest.
- Interest Earned: Total interest earned over the CD period.
Instructions to use the calculator:
- Enter the deposit amount in USD.
- Select an interest rate corresponding to the CD term.
- Enter the tenure (in years).
- Choose the compounding frequency (e.g., annually, quarterly).
- Click “Calculate” to view the results.