Deposits

The following table summarizes total deposits at December 31, 2015 and 2014.



	December 31,		December 31,
	2015		2014
Deposits - interest bearing	$	11,487,006	$	10,539,953
Deposits - non-interest bearing	701		602
Total deposits	$	11,487,707	$	10,540,555

Interest Bearing

Interest bearing deposits as of December 31, 2015 and 2014 consisted of non-maturity savings and money market deposits, brokered and retail CDs, as discussed further below, and brokered MMDAs. In addition, we gather what we consider to be core deposits from various sources. These deposit products are serviced by third-party providers. Placement fees associated with the brokered CDs are amortized into interest expense using the effective interest rate method. We recognized placement fee expense of $10.5 million, $10.3 million, and $9.8 million in the years ended December 31, 2015, 2014 and 2013, respectively. Fees paid to third-party brokers related to these CDs were $4.1 million, $15.2 million, and $12.1 million during the years ended December 31, 2015, 2014 and 2013, respectively.

Interest bearing deposits at December 31, 2015 and 2014 are summarized as follows:



	December 31, 2015				December 31, 2014
	Amount		Year-End Weighted Average Stated Rate⁽¹⁾		Amount		Year-End Weighted Average Stated Rate⁽¹⁾

Money market	$	4,886,299	1.19	%	$	4,527,448	1.15	%
Savings	669,254		0.82		703,687		0.81
Certificates of deposit	5,931,453		0.98		5,308,818		1.00
Deposits - interest bearing	$	11,487,006			$	10,539,953

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⁽¹⁾ Includes the effect of interest rate swaps in effective hedge relationships.

Certificates of deposit remaining maturities are summarized as follows:



	December 31,
	2015		2014
One year or less	$	2,667,980	$	1,717,891
After one year to two years	1,210,429		1,038,778
After two years to three years	1,053,442		948,490
After three years to four years	630,851		846,976
After four years to five years	203,704		577,827
After five years	165,047		178,856
Total	$	5,931,453	$	5,308,818

As of December 31, 2015 and 2014, there were $709.9 million and $254.0 million of deposits exceeding FDIC insurance limits. Accrued interest on deposits was $15.7 million and $16.1 million at December 31, 2015 and 2014, respectively.

Non-Interest Bearing

Non-interest bearing deposits were $0.7 million and $0.6 million as of December 31, 2015 and 2014, respectively. For both periods, these were comprised of money market accounts related to our Employee Stock Purchase Plan account. See Note 14, “Stock-Based Compensation Plans and Arrangements” for additional details regarding this plan.