So what happens if you have open CDs with First Republic? Assume the accrued value is below the $250K limit. Does it get paid off at the accrued value up to the

So what happens if you have open CDs with First Republic? Assume the accrued value is below the $250K limit. Does it get paid off at the accrued value up to the seize date or do those CD holders now own JPMC backed CDs at the prior rates? Curious as for a time the rates for First Republic CDs were well above their peers.