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

Latest News About Top savings rates surge past 4.50% as of this June

High-yield savings accounts right now pay around 4.50% interest. A $10,000 one-year CD often earns more than the same amount in a high-yield account. CDs usually offer higher rates but mean locking money away for specific terms. Breaking the CD early from a CD results in penalties. Brigham Young University research shows sports betting damages financial health. The report reveals consistent money drains when folks gamble instead of saving.

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