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

Latest News About Best savings options hit record highs of 4.50% as of midyear 2026

High-yield savings accounts right now pay near 4.50% interest. A $10,000 one-year CD typically earns more than the same amount in a high-yield account. CDs usually offer higher rates but need fixed-term commitment for set periods. Early exit from a CD triggers penalties. Brigham Young University data indicates sports betting damages financial health. The investigation found consistent money drains when users wager rather than save.

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