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

Latest News About High-yield savings accounts soar to 4.50% as of midyear 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 can give higher rates but mean locking money away for specific terms. Breaking the CD early from a CD results in penalties. Brigham Young University studies reveal sports betting damages money growth. The report reveals consistent financial losses when people bet instead of saving.

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