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

Latest News About Best savings options surge past 4.50% as of this June

High-yield savings accounts currently pay about 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 need fixed-term commitment for fixed durations. Early exit from a CD triggers penalties. Brigham Young University research shows sports betting damages money growth. The findings show consistent money drains when people bet instead of saving.

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