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

Latest News About Top savings rates soar to 4.50% as of midyear 2026

High-yield savings accounts right now pay around 4.50% interest. A $10,000 one-year CD usually earns more than the same amount in a high-yield account. CDs can give higher rates but require locking up funds for specific terms. Breaking the CD early from a CD triggers penalties. Brigham Young University data indicates sports betting hurts long-term savings. The investigation found consistent wasted cash when folks gamble instead of saving.

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