NOTE 11 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at June 30, 2017 and December 31, 2016 were as follows (in thousands):

	June 30, 2017		December 31, 2016
Money market and savings accounts	$	11,804,509	$	11,264,285
Demand deposits (interest-bearing)		235,269		253,545
Demand deposits (non-interest-bearing)		7,851		5,752
Certificates of deposit		2,845		3,901
	$	12,050,474	$	11,527,483

The weighted-average interest rate on deposits was 0.06% and 0.09% at June 30, 2017 and December 31, 2016, respectively.

At June 30, 2017 and December 31, 2016, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $12.1 billion and $11.5 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.2 million and $0.5 million, respectively.