What Is Cdars - Web how cdars works. As a result, all the funds up to $50 million remain covered by fdic insurance. When your bank places your funds in cdars, your excess deposits are sent from your deposit account to certificate of deposit accounts at member institutions across the country in amounts below the standard fdic limit.
As a result, all the funds up to $50 million remain covered by fdic insurance. When your bank places your funds in cdars, your excess deposits are sent from your deposit account to certificate of deposit accounts at member institutions across the country in amounts below the standard fdic limit. Web how cdars works.