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Are my deposits with Quontic FDIC insured?

Yes, because Quontic is a Member FDIC, your deposits are secured for up to $250,000. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing. The FDIC insures all types of deposits received by a financial institution including:
 
  • Checking accounts
  • NOW accounts
  • Savings accounts
  • Money market deposit accounts
  • Certificates of deposit (CDs)
For more information about deposit insurance, visit the FDIC's web page.