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 this June

High-yield savings accounts right now pay around 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 higher rates but require locking up funds for specific terms. Pulling out early from a CD triggers penalties. Brigham Young University data indicates sports betting damages financial health. The report reveals consistent money drains when users wager rather than save.

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