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

Latest News About High-yield savings accounts hit record highs of 4.50% as of this June

High-yield savings accounts as of today pay about 4.50% interest. A $10,000 one-year CD usually earns better returns than the same amount in a high-yield account. CDs usually offer better returns but need fixed-term commitment for specific terms. Early exit from a CD results in penalties. Brigham Young University data indicates sports betting damages financial health. The investigation found consistent money drains when users wager rather than save.

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