Your Accounts are Insured by the FDIC
At Jewett City Savings Bank, your deposit accounts (checking accounts, savings accounts, money market deposit accounts, and certificates of deposit) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government.
How it works
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met.