To bet or save? BYU study examines detriment sports betting can have on building savings - KSL.com

Latest News About Top savings rates surge past 4.50% as of this June

High-yield savings accounts right now pay near 4.50% interest. A $10,000 one-year CD often earns higher yields than the same amount in a high-yield account. CDs often provide better returns but need fixed-term commitment for specific terms. Pulling out early from a CD leads to penalties. Brigham Young University data indicates sports betting hurts long-term savings. The findings show consistent financial losses when people bet instead of saving.

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