AMERIPRISE FINANCIAL INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
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Customer Deposits
Index
- Customer Deposits
Customer deposits consisted of the following:
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in millions) | ||
| Fixed rate certificates | $8,064 | $11,083 |
| Other | 75 | 104 |
| Total investment certificate reserves | 8,139 | 11,187 |
| Interest bearing checking | 696 | 1,438 |
| Money market | 22,112 | 20,232 |
| Savings | 840 | 637 |
| Brokerage deposits | 1,948 | 2,332 |
| Time certificates of deposit | 15 | — |
| Total banking and brokerage deposits | 25,611 | 24,639 |
| Total | $33,750 | $35,826 |
Investment Certificates
The Company offers fixed rate investment certificates primarily in amounts ranging from $1 thousand to $2 million with interest crediting rate terms ranging from 3 months to 36 months. Investment certificates may be purchased either with a lump sum payment or installment payments. Certificate owners are entitled to receive a fixed sum at either maturity or upon demand depending on the type of certificate. Payments from certificate owners are credited to investment certificate reserves, which generally accumulate interest at specified percentage rates. Certain investment certificates allow for a surrender charge on premature surrenders. Reserves for certificates that do not allow for a surrender charge were $1.1 billion and $1.2 billion as of December 31, 2025 and 2024, respectively. The Company generally invests the proceeds from investment certificates in fixed and variable rate securities. The interest paid to certificate owners is included in Banking and deposit interest expense.
Banking and Brokerage Deposits
Banking and brokerage deposits are amounts payable to customers related to funds deposited by customers in checking and savings, certificates of deposit, brokerage sweep balances, free credit balances, and funds accruing to customers as a result of trades or contracts. Money market deposits represent brokerage sweep for client balances held at Ameriprise Bank. Brokerage deposits primarily represent our client’s free credit balances. The Company pays interest on certain customer deposit balances and the interest is included in Banking and deposit interest expense.
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