NOTE 11 – Bank Deposits

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

	September 30, 2018		December 31, 2017
Money market and savings accounts	$	11,950,269	$	13,219,675
Certificates of deposit		1,970,318		1,575
Demand deposits (interest-bearing)		465,366		184,829
Demand deposits (non-interest-bearing)		116,999		5,856
	$	14,502,952	$	13,411,935

The weighted-average interest rate on deposits was 0.49% and 0.10% at September 30, 2018 and December 31, 2017, respectively.

Scheduled maturities of certificates of deposit at September 30, 2018 and December 31, 2017 were as follows (in thousands):

	September 30, 2018		December 31, 2017
Certificates of deposit, less than $100:
Within one year	$	5,617	$	438
One to three years		544		148
Three to five years		127		—
	$	6,288	$	586
Certificates of deposit, $100 and greater:
Within one year	$	1,740,855	$	651
One to three years		193,185		338
Three to five years		29,990		—
		1,964,030		989
	$	1,970,318	$	1,575

At September 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 $3.8 million and $0.2 million, respectively. Brokerage customers’ deposits were $13.6 billion and $13.4 billion, respectively.