NOTE 11 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at June 30, 2016 and December 31, 2015 were as follows (in thousands):

	June 30, 2016		December 31, 2015
Money market and savings accounts	$	7,731,204	$	6,429,780
Demand deposits (interest-bearing)		132,093		185,275
Certificates of deposit		9,055		15,087
Demand deposits (non-interest-bearing)		8,867		8,214
	$	7,881,219	$	6,638,356

The weighted-average interest rate on deposits was 0.21% and 0.17% at June 30, 2016 and December 31, 2015, respectively.

Scheduled maturities of certificates of deposit at June 30, 2016 and December 31, 2015 were as follows (in thousands):

	June 30, 2016		December 31, 2015
Certificates of deposit, less than $100:
Within one year	$	2,877	$	4,863
One to three years		1,715		2,356
Three to five years		—		145
Over five years		—		—
	$	4,592	$	7,364
Certificates of deposit, $100 and greater:
Within one year	$	3,031	$	5,464
One to three years		1,135		1,975
Three to five years		297		284
Over five years		—		—
		4,463		7,723
	$	9,055	$	15,087

At June 30, 2016 and December 31, 2015, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $7.9 billion and $6.6 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.2 million and $0.3 million, respectively.