APY is a very common abbreviation seen on Leofinance and in the crypto world in general. It tells you how much interest you earn on your money or crypto over one-year time span.
Here are just a few examples to get the picture:
Leo pool on Uniswap prediction is 25- 50 % yield, 
I have some crypto on Nexo platform. BTC and ETH yields 5%, USDT 8%.
I kind of feel I'm losing money here.
Photo source: pixabay
But now let us look at real-life solid money; King Dollar supported by governments and big banks, shall we?
Today I was browsing Google news and I stumbled upon two interesting ads.
Both were for Canadian banks. Names are irrelevant.
The first one said:
open a bank account with us and ensure your family's bright future with our high yield saving account. We're offering 0.45% APY.
The second one was even better. The best saving account at the moment:
we offering the highest return on investment with our saving account.
Drumroll:
0.6% APY
I'll kill it here, my friends. No comment needed.
Draw your own conclusions and invest wisely.