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Deposits (Tables)
12 Months Ended
Dec. 31, 2021
Banking And Thrift Disclosure [Abstract]  
Weighted Average Interest Rates for Each Type of Deposit

The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2021 and 2020:

 

 

December 31,

 

 

2021

 

 

2020

 

(dollars in millions)

Amount

 

 

Percent
of Total

 

 

Weighted
Average
Interest
Rate

 

 

Amount

 

 

Percent
of Total

 

 

Weighted
Average
Interest
Rate

 

Interest-bearing checking and money
   market accounts

$

13,209

 

 

 

37.68

%

 

 

0.20

%

 

$

12,610

 

 

 

38.87

%

 

 

0.28

%

Savings accounts

 

8,892

 

 

 

25.36

 

 

 

0.35

 

 

 

6,416

 

 

 

19.78

 

 

 

0.41

 

Certificates of deposit

 

8,424

 

 

 

24.03

 

 

 

0.52

 

 

 

10,331

 

 

 

31.85

 

 

 

0.83

 

Non-interest-bearing accounts

 

4,534

 

 

 

12.93

 

 

 

 

 

 

3,080

 

 

 

9.50

 

 

 

 

Total deposits

$

35,059

 

 

 

100.00

%

 

 

0.29

%

 

$

32,437

 

 

 

100.00

%

 

 

0.45

%

Scheduled Maturities of Certificates of Deposit Intangibles

The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2021 were as follows:

 

(in millions)

 

 

 

 

1 year or less

 

$

 

7,454

 

More than 1 year through 2 years

 

 

 

410

 

More than 2 years through 3 years

 

 

 

495

 

More than 3 years through 4 years

 

 

 

26

 

More than 4 years through 5 years

 

 

 

39

 

Over 5 years

 

 

 

-

 

Total CDs

 

$

 

8,424