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Do the CDs opened through the CDARS program renew automatically at the end of the CD term?

April 26, 2017automatically CD cdars cds opened program term

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Do the CDs opened through the CDARS program renew automatically at the end of the CD term?

1 Answer

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No, not automatically. Approximately 15 days before the end of the CD term, you will receive a notice to let you know that your CDs are about to mature. You will have the option to request that VCB reinvest the money into the CDARS program again or to have the proceeds from these CDs paid to you. Reinvestment through the CDARS program requires instruction from you to resubmit the money for deposit.