Deposits

The following table summarizes total deposits at December 31, 2016 and 2015.



	December 31,
	2016		2015
Deposits - interest bearing	$	13,434,990	$	11,487,006
Deposits - non-interest bearing	677		701
Total deposits	$	13,435,667	$	11,487,707

Interest bearing deposits as of December 31, 2016 and 2015 consisted of retail non-maturity savings deposits, retail and brokered non-maturity money market deposits (“MMDAs”), and brokered and retail certificates of deposit (“CDs”). Included in these accounts are what we consider core deposits from various sources. During 2016, we added $1.5 billion in deposits from Educational 529 and Health Savings Accounts as a way to diversify our funding sources. These and other large omnibus accounts, aggregating the deposits of many individual depositors, represented $5.4 billion of our deposit total as of December 31, 2016.

Some of our 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 $10.1 million, $10.5 million, and $10.3 million in the years ended December 31, 2016, 2015 and 2014, respectively. Fees paid to third-party brokers related to these CDs were $4.4 million, $4.1 million, and $15.2 million during the years ended December 31, 2016, 2015 and 2014, respectively.

Interest bearing deposits at December 31, 2016 and 2015 are summarized as follows:



	December 31, 2016				December 31, 2015
	Amount		Year-End Weighted Average Stated Rate⁽¹⁾		Amount		Year-End Weighted Average Stated Rate⁽¹⁾

Money market	$	7,129,404	1.22	%	$	4,886,299	1.19	%
Savings	834,521		0.84		669,254		0.82
Certificates of deposit	5,471,065		1.41		5,931,453		0.98
Deposits - interest bearing	$	13,434,990			$	11,487,006

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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,
	2016		2015
One year or less	$	2,565,246	$	2,667,980
After one year to two years	1,364,812		1,210,429
After two years to three years	936,125		1,053,442
After three years to four years	225,245		630,851
After four years to five years	379,637		203,704
After five years	—		165,047
Total	$	5,471,065	$	5,931,453

As of December 31, 2016 and 2015, there were $304.5 million and $709.9 million of deposits exceeding FDIC insurance limits. Accrued interest on deposits was $18.9 million and $15.7 million at December 31, 2016 and 2015, respectively.