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Deposits | 9 Months Ended
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Sep. 30, 2023
Deposits [Abstract] |
Deposits | Note 8. Deposits
We offer deposit accounts (referred to as “checking and savings” accounts within SoFi Money) to our members through SoFi Bank, which include interest-bearing deposits and noninterest-bearing deposits. The following table presents a detail of interest-bearing deposits:
|  | September 30, 2023 |  | December 31, 2022
Savings deposits |  | $ | 10,595,108 |  |  | $ | 4,383,953 |
Demand deposits(1) |  | 2,546,978 |  |  | 1,912,452 |
Time deposits(1)(2) |  | 2,465,263 |  |  | 969,387 |
Total interest-bearing deposits |  | $ | 15,607,349 |  |  | $ | 7,265,792 |
_____________________ (1) As of September 30, 2023 and December 31, 2022, includes brokered deposits of $2,618,186 and $1,026,400, respectively, of which $2,432,679 and $940,000, respectively, are time deposits and $185,507 and $86,400, respectively, are demand deposits. (2) As of September 30, 2023 and December 31, 2022, the amount of time deposits that exceeded the insured limit (referred to as “uninsured deposits”) totaled $21,524 and $20,842, respectively. As of September 30, 2023, future maturities of our total time deposits were as follows:
Remainder of 2023 | $ | 636,473 |
2024 | 1,535,209 |
2025 | 292,989 |
2026 | 291 |
2027 | — |
Thereafter | 301 |
Total | $ | 2,465,263 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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