NOTE 11 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at March 31, 2016 and December 31, 2015 were as follows (in thousands):

	March 31, 2016		December 31, 2015
Money market and savings accounts	$	7,109,837	$	6,429,780
Demand deposits (interest-bearing)		87,418		185,275
Certificates of deposit		11,990		15,087
Demand deposits (non-interest-bearing)		8,855		8,214
	$	7,218,100	$	6,638,356

The weighted-average interest rate on deposits was 0.11% and 0.17% at March 31, 2016 and December 31, 2015, respectively.

Scheduled maturities of certificates of deposit at March 31, 2016 and December 31, 2015 were as follows (in thousands):

	March 31, 2016		December 31, 2015
Certificates of deposit, less than $100:
Within one year	$	3,980	$	4,863
One to three years		1,968		2,356
Three to five years		—		145
Over five years		—		—
	$	5,948	$	7,364
Certificates of deposit, $100 and greater:
Within one year	$	3,922	$	5,464
One to three years		1,829		1,975
Three to five years		291		284
Over five years		—		—
		6,042		7,723
	$	11,990	$	15,087

At March 31, 2016 and December 31, 2015, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $7.2 billion and $6.6 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.3 million and $0.3 million, respectively.