SCHWAB CHARLES CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Bank Deposits
- Bank Deposits
Bank deposits consist of interest-bearing and non-interest-bearing deposits as follows:
| December 31, | 2024 | 2023 |
|---|---|---|
| Interest-bearing deposits: | ||
| Deposits swept from brokerage accounts | $210,575 | $220,274 |
| Time certificates of deposit (1) | 27,701 | 48,297 |
| Checking | 15,593 | 15,691 |
| Savings and other | 4,015 | 4,461 |
| Total interest-bearing deposits | 257,884 | 288,723 |
| Non-interest-bearing deposits | 1,237 | 1,230 |
| Total bank deposits | $259,121 | $289,953 |
(1) Time certificates of deposit consist of brokered CDs. The weighted-average interest rates on outstanding time certificates of deposit at December 31, 2024 and 2023 were 4.90% and 5.15%, respectively. As of December 31, 2024 and 2023, there wereno time deposits that were in excess of FDIC insurance limits or otherwise uninsured.
Time certificates of deposit outstanding at December 31, 2024 mature between January 2025 and November 2025.
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