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 this June

High-yield savings accounts currently pay around 4.50% interest. A $10,000 one-year CD usually earns better returns than the same amount in a high-yield account. CDs can give higher rates but need fixed-term commitment for set periods. Breaking the CD early from a CD triggers penalties. Brigham Young University research shows sports betting hurts long-term savings. The investigation found consistent wasted cash when folks gamble instead of saving.

Sources & References