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 as of today pay near 4.50% interest. A $10,000 one-year CD often earns higher yields than the same amount in a high-yield account. CDs usually offer better returns but mean locking money away for specific terms. Breaking the CD early from a CD triggers penalties. Brigham Young University studies reveal sports betting damages money growth. The findings show consistent wasted cash when people bet instead of saving.

Sources & References