BANK DEPOSITS (Tables)

3 Months Ended

Dec. 31, 2020

The following table presents a summary of bank deposits, as well as the weighted-average interest rates on such deposits. The calculation of the weighted-average rates were based on the actual deposit balances and rates at each respective period end.


	December 31, 2020				September 30, 2020
$ in millions	Balance		Weighted-average rate		Balance		Weighted-average rate
Savings and money market accounts	$	26,702	0.01	%	$	25,604	0.01	%
Certificates of deposit	912		1.93	%	1,017		1.94	%
NOW accounts	158		1.90	%	156		1.92	%
Demand deposits (non-interest-bearing)	18		—		24		—
Total bank deposits	$	27,790	0.08	%	$	26,801	0.09	%

Scheduled Maturities of Certificates of Deposit

The following table sets forth the scheduled maturities of certificates of deposit.


	December 31, 2020				September 30, 2020
$ in millions	Denominations greater than or equal to $100,000		Denominations less than $100,000		Denominations greater than or equal to $100,000		Denominations less than $100,000
Three months or less	$	37	$	22	$	59	$	76
Over three through six months	16		9		26		18
Over six through twelve months	17		103		19		26
Over one through two years	54		210		43		206
Over two through three years	69		171		67		170
Over three through four years	19		160		37		165
Over four through five years	7		18		7		98
Total certificates of deposit	$	219	$	693	$	258	$	759

Interest Expense on Deposits

Interest expense on deposits, excluding interest expense related to affiliate deposits, is summarized in the following table.


	Three months ended December 31,
$ in millions	2020		2019
Savings, money market, and NOW accounts	$	1	$	12
Certificates of deposit	5		4
Total interest expense on deposits	$	6	$	16