Thoughts on Forbright Bank?
I'm new to financial stuff and am hoping to move my money somewhere it will actually earn instead of just sitting around earning close to nothing at 0.01% APY with USAA (not joking).
I don't need anything fancy, or even the highest rate, I just want my money to be somewhere safe and practical while earning more than a couple cents. I was going to go with SoFi as I was interested in the ecosystem it provided (checking, savings, and credit card all in the same place, etc.), though while I was reading through the savings account agreements and terms of service I sought some extra insight on some things I was reading and ended up turned off by the amount of posts about account closures for home or vehicle purchases being marked as fraudulent (which I am saving for), and people's complaints about the nice but ultimately unhelpful customer service. I was also worried about putting all of my eggs in one basket, especially if that basket had some obvious holes in it.
That being said, I've been looking at Forbright Bank and have not seen too much info on other's experiences with it. I am really interested in the fact that they are partnered with the national park foundation, and am just interested in increasing the amount I make passively and spreading out where my money is than in maximizing the amount I'm making back.