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 midyear 2026

High-yield savings accounts right now pay near 4.50% interest. A $10,000 one-year CD usually earns higher yields than the same amount in a high-yield account. CDs usually offer stronger rates but mean locking money away for set periods. Pulling out early from a CD triggers penalties. Brigham Young University data indicates sports betting damages money growth. The investigation found consistent financial losses when people bet instead of saving.

Sources & References