NOTE 11 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at June 30, 2018 and December 31, 2017 were as follows (in thousands):

	June 30, 2018		December 31, 2017
Money market and savings accounts	$	12,183,710	$	13,219,675
Demand deposits (interest-bearing)		321,421		184,829
Demand deposits (non-interest-bearing)		21,634		5,856
Certificates of deposit		1,364,084		1,575
	$	13,890,849	$	13,411,935

The weighted-average interest rate on deposits was 0.35% and 0.10% at June 30, 2018 and December 31, 2017, respectively.

At June 30, 2018 and December 31, 2017, the amount of deposits includes related party deposits, primarily interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.1 million and $0.2 million, respectively. Brokerage customers’ deposits were $13.6 billion and $13.4 billion, respectively.