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

Latest News About Top savings rates hit record highs of 4.50% as of this June

High-yield savings accounts right now pay around 4.50% interest. A $10,000 one-year CD usually earns higher yields than the same amount in a high-yield account. CDs can give higher rates but need fixed-term commitment for set periods. Early exit from a CD results in penalties. Brigham Young University studies reveal sports betting damages financial health. The findings show consistent wasted cash when people bet instead of saving.

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