v3.25.2
BANK DEPOSITS (Tables)
 9 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Summary of Bank Deposits The following table presents a summary of bank deposits, excluding affiliate deposits, as well as the weighted-average interest rates on such deposits. The calculation of the weighted-average rates was based on the actual deposit balances and rates at each respective period end.
June 30, 2025September 30, 2024
$ in millionsBalanceWeighted-average rateBalanceWeighted-average rate
Money market and savings accounts$33,289 1.63 %$32,304 2.18 %
Interest-bearing demand deposits21,651 4.09 %20,570 4.56 %
Certificates of deposit1,785 4.31 %2,612 4.70 %
Non-interest-bearing demand deposits524 — 524 — 
Total bank deposits$57,249 2.65 %$56,010 3.18 %
Bank Deposits by Insured and Uninsured
The following table details the amount of total bank deposits (which excludes affiliate deposits) that are FDIC-insured, as well as the amount that exceeded the FDIC insurance limit at each respective period end.
$ in millionsJune 30, 2025September 30, 2024
FDIC-insured bank deposits$48,836 $48,964 
Bank deposits exceeding FDIC insurance limit (1) (2)
8,413 7,046 
Total bank deposits$57,249 $56,010 
FDIC-insured bank deposits as a % of total bank deposits85 %87 %

(1)Bank deposits that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements.
(2)Excluded affiliate deposits exceeding the FDIC insurance limit of $1.14 billion and $1.05 billion as of June 30, 2025 and September 30, 2024, respectively.
Schedule of Maturities of Certificates of Deposit that Exceeded FDIC Limit
The following table sets forth the amount of certificates of deposit that exceeded the FDIC insurance limit, categorized by the time remaining until maturity, as of June 30, 2025.
$ in millionsJune 30, 2025
Three months or less
$75 
Over three through six months
48 
Over six through twelve months
22 
Over twelve months16 
Total certificates of deposit that exceeded the FDIC insurance limit (1)
$161 

(1)Total certificates of deposit that exceeded the FDIC insurance limit were calculated in accordance with applicable regulatory reporting requirements.
Maturities by Fiscal Year of Certificates of Deposit
The maturities by fiscal year of our certificates of deposit as of June 30, 2025 are presented in the following table.
$ in millions
Remainder of 2025$515 
20261,059 
2027120 
202854 
202924 
Thereafter13 
Total certificates of deposit$1,785 
Interest Expense on Deposits
Interest expense on deposits, excluding interest expense related to affiliate deposits, is summarized in the following table.
Three months ended June 30,Nine months ended June 30,
$ in millions2025202420252024
Money market and savings accounts$142 $169 $446 $484 
Interest-bearing demand deposits212 247 646 742 
Certificates of deposit19 30 71 92 
Total interest expense on deposits$373 $446 $1,163 $1,318