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

Latest News About High-yield savings accounts hit record highs of 4.50% as of July 21, 2026

High-yield savings accounts currently pay near 4.50% interest. A $10,000 one-year CD typically earns higher yields than the same amount in a high-yield account. CDs can give better returns but mean locking money away for fixed durations. Early exit from a CD results in penalties. Brigham Young University studies reveal sports betting hurts long-term savings. The investigation found consistent money drains when folks gamble instead of saving.

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