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 currently pay near 4.50% interest. A $10,000 one-year CD typically earns more than the same amount in a high-yield account. CDs can give better returns but require locking up funds for specific terms. Pulling out early from a CD leads to penalties. Brigham Young University studies reveal sports betting hurts long-term savings. The report reveals consistent financial losses when users wager rather than save.

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