Deposits

The following table summarizes total deposits at December 31, 2017 and 2016.



	December 31,
	2017		2016
Deposits - interest bearing	$	15,504,330	$	13,434,990
Deposits - non-interest bearing	1,053		677
Total deposits	$	15,505,383	$	13,435,667

Our total deposits of $15.5 billion were comprised of $8.2 billion in brokered deposits and $7.3 billion in retail and other deposits at December 31, 2017, compared to total deposits of $13.4 billion, which were comprised of $7.1 billion in brokered deposits and $6.3 billion in retail and other deposits, at December 31, 2016.

Interest bearing deposits as of December 31, 2017 and 2016 consisted of retail non-maturity savings deposits, retail and brokered MMDAs, and brokered and retail CDs. Interest bearing deposits include deposits from Educational 529 and Health Savings plans that diversify our funding sources and add deposits we consider to be core. These and other large omnibus accounts, aggregating the deposits of many individual depositors, represented $5.5 billion of our deposit total as of December 31, 2017, compared with $5.4 billion at 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 $9.4 million, $10.1 million, and $10.5 million in the years ended December 31, 2017, 2016 and 2015, respectively. Fees paid to third-party brokers related to these CDs were $12.2 million, $4.4 million, and $4.1 million during the years ended December 31, 2017, 2016 and 2015, respectively.

Interest bearing deposits at December 31, 2017 and 2016 are summarized as follows:



	December 31, 2017				December 31, 2016
	Amount		Year-End Weighted Average Stated Rate⁽¹⁾		Amount		Year-End Weighted Average Stated Rate⁽¹⁾

Money market	$	7,731,966	1.80	%	$	7,129,404	1.22	%
Savings	738,243		1.10	%	834,521		0.84	%
Certificates of deposit	7,034,121		1.93	%	5,471,065		1.41	%
Deposits - interest bearing	$	15,504,330			$	13,434,990

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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,
	2017		2016
One year or less	$	3,716,183	$	2,565,246
After one year to two years	1,550,130		1,364,812
After two years to three years	806,488		936,125
After three years to four years	447,592		225,245
After four years to five years	445,884		379,637
After five years	67,844		—
Total	$	7,034,121	$	5,471,065

As of December 31, 2017 and 2016, there were $395.5 million and $304.5 million of deposits exceeding FDIC insurance limits. Accrued interest on deposits was $27.8 million and $18.9 million at December 31, 2017 and 2016, respectively.