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 right now pay around 4.50% interest. A $10,000 one-year CD typically earns better returns than the same amount in a high-yield account. CDs often provide higher rates but need fixed-term commitment for specific terms. Early exit from a CD leads to penalties. Brigham Young University research shows sports betting damages money growth. The findings show consistent money drains when users wager rather than save.

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