Many online banks outright lie about being FDIC insured Read this and think twice before chasing that extra 0.35% yield in a HYSA from a no name “Bank” What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears? https://www.nytimes.com/2024/07/09/business/synapse-bankruptcy-fintech-fdic-insurance.html?smid=nytcore-android-share submitted by /u/CallItDanzig