Each depositor's funds are insured to $250,000 and that limitation applies to the total of a person's funds in checking deposits, savings deposits, and time certificates of deposit for which an insured bank is liable. In addition to their individual insured accounts, each person is entitled to a maximum of $250,000 coverage for their interest in all of their joint accounts.
For more information about FDIC Insurance Coverage, visit the
FDIC web site or contact a Bank of Pontiac Customer Service Representative at 1-815-844-6155.