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 July 21, 2026

High-yield savings accounts currently pay around 4.50% interest. A $10,000 one-year CD typically earns higher yields than the same amount in a high-yield account. CDs often provide stronger rates but need fixed-term commitment for fixed durations. Breaking the CD early from a CD leads to penalties. Brigham Young University studies reveal sports betting hurts long-term savings. The findings show consistent wasted cash when people bet instead of saving.

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