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.
Annual percentage yield (APY) is a helpful way to evaluate how much you earn on your money. Instead of simply looking at a quoted interest rate, you get a better idea of your true potential earnings when you use APY. What is APY? APY tells you how much youâll earn with compound interest over the course of a year. When you deposit funds into a savings account, money market, or certificate of deposit (CD), youâll earn interest.