Goldman Sachs' Marcus Launches 4% APY 14-Month CD as Space ETFs Hit $5B
GS•GS•GS•GS•Marcus by Goldman Sachs is offering a 14-month CD at 4% APY, the highest rate available among major banks today. Space-focused ETFs have surpassed $5 billion in assets, with the Tema Space Innovators ETF at $2.6 billion and SpaceX planning a 555 million-share IPO at $135, representing 7.5% of the fund.
Goldman Sachs’ consumer bank Marcus has introduced a 14-month certificate of deposit at 4% APY, the highest rate among major issuers as of June 4. The offering aims to attract retail deposits in a declining rate environment following recent Federal Reserve cuts.
Space-focused exchange-traded funds have surpassed $5 billion in combined assets, propelled by the Tema Space Innovators ETF’s growth to $2.6 billion since its March launch. The fund allocates 7.5% to SpaceX, which plans to sell 555 million shares at $135 each in its upcoming IPO.
