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DEPOSITS

6 Months Ended

Jun. 30, 2025

Other Liabilities Disclosure [Abstract]

DEPOSITS

DEPOSITS

Deposits were categorized as interest-bearing or non-interest-bearing as follows, as of the dates presented:

			June 30, 2025						December 31, 2024
(Millions)
Interest-bearing			$	13,312					$	13,055
Non-interest-bearing (including cardholder credit balances)			28						27
Total deposits			$	13,340					$	13,082

Deposits by deposit type were as follows as of the dates presented:

			June 30, 2025						December 31, 2024
(Millions)
Savings accounts
Direct-to-consumer (retail)			$	3,936					$	3,226
Wholesale			3,548						3,601
Certificates of deposit
Direct-to-consumer (retail)			4,144						4,461
Wholesale			1,684						1,767
Cardholder credit balances			28						27
Total deposits			$	13,340					$	13,082

The scheduled maturities of certificates of deposit were as follows as of June 30, 2025:

(Millions)
2025 (1)			$	2,997
2026			1,531
2027			939
2028			286
2029			46
Thereafter			29
Total certificates of deposit			$	5,828

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(1)The 2025 balance includes $3 million in unamortized debt issuance costs, which are associated with the entire portfolio of certificates of deposit.

As of June 30, 2025 and December 31, 2024, deposits that exceeded applicable FDIC insurance limits, which are generally $250,000 per depositor, per insured bank, per ownership category, were estimated to be $612 million (5% of Total deposits) and $574 million (4% of Total deposits), respectively. The measurement of estimated uninsured deposits aligns with regulatory guidelines.

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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/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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- References

No definition available.

+ Details

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