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

Latest News About Top savings rates soar to 4.50% as of this June

High-yield savings accounts right now pay near 4.50% interest. A $10,000 one-year CD typically earns better returns than the same amount in a high-yield account. CDs can give stronger rates but require locking up funds for specific terms. Pulling out early from a CD leads to penalties. Brigham Young University data indicates sports betting damages money growth. The investigation found consistent financial losses when people bet instead of saving.

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