Open another HYSA at a different bank because of $250k FDIC limit?
hi all - I have a HYSA at SoFi but recently hit the FDIC insurance $250k max. Is it unwise to continue depositing savings into the account? should I open a Capital One account to supplement it? I’m reading mixed things about whether FDIC insurance maximums are really meaningful when you’re saving with a “brick and mortar” bank (the classics) and less clear how risky it is with one of the start-ups like SoFi.
Thank you