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 near 4.50% interest. A $10,000 one-year CD often earns better returns than the same amount in a high-yield account. CDs can give better returns but require locking up funds for fixed durations. Early exit from a CD results in penalties. Brigham Young University studies reveal sports betting damages money growth. The report reveals consistent money drains when users wager rather than save.

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