Consider melting or smelting your gold, silver, and other metals yourself! But first understand that there is a big difference between melting and smelting. Melting means to change something from a solid to a liquid by the application of heat. When the heat is removed, the melted material returns to its solid state.
Community Q&A. Annual percentage yield (APY) represents the rate of interest on a certificate of deposit, savings account or other investment. Typically annual percentage yield is calculated for accounts receiving compounded interest rather than a simple interest reflecting the nominal (official) interest.rate. One use of APY is to compare the potential incomes from different investment opportunities.
The APY of a CD depends on the rate it offers, as well as the frequency with which the interest is compounded. APY is the standard for comparing CDs from different banks. Compounding simply means adding the interest earned onto the balance of your CD. Once that interest is included in your balance and is now principal, it will then begin earning additional interest. For example, an Ally Bank High Yield CD offers a competitive rate that is compounded daily.