How can I live off deposit returns?

By calculating living expenses, determining capital needed in deposits, and exploring investment strategies.

What are the benefits of public bank deposits?

Public bank deposits offer familiarity, safety, and around 2-3% interest per year.

Digital banks may offer higher interest rates than public banks due to their digital nature.

Maximize deposit interest by placing calculated capital in chosen deposits, like BPR deposits.

Recommendations include increasing investment amounts, adjusting retirement age, and exploring higher-return investment alternatives.

Deposits offer higher interest rates than regular savings accounts, with BPR deposits yielding up to 6.75% per year due to lending practices to the SME sector, making them an attractive option for living off deposit returns.
When living off deposit interest, individuals should calculate needed living expenses, determine required capital in deposits, and explore investment strategies like increasing investment amounts or adjusting retirement age to optimize returns.

How can I live off deposit returns?
By calculating living expenses, determining capital needed in deposits, and exploring investment strategies.
What are the benefits of public bank deposits?
Public bank deposits offer familiarity, safety, and around 2-3% interest per year.
Why do digital banks offer higher interest rates?
Digital banks may offer higher interest rates than public banks due to their digital nature.
How can I maximize deposit interest for living expenses?
Maximize deposit interest by placing calculated capital in chosen deposits, like BPR deposits.
What are some recommendations for living off deposit interest?
Recommendations include increasing investment amounts, adjusting retirement age, and exploring higher-return investment alternatives.

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There are 3 ways to live off deposit returns, with deposits offering higher interest rates than regular savings accounts.
Deposits are preferred by many due to familiarity and safety, guaranteed by a government institution called LPS, but must meet specific requirements.
Public bank deposits offer around 2-3% interest per year, subject to a 20% tax for amounts exceeding 7.5 million, while digital banks may offer higher interest rates.
BPR deposits can yield up to 6.75% interest per year, higher than commercial banks due to lending practices to the SME sector.
To live off deposit interest, calculate living expenses needed, determine capital required in deposits, and consider investment strategies.
Recommendations include increasing investment amounts, adjusting retirement age, and exploring higher-return investment alternatives.
Use the interest from deposits for daily living by placing calculated capital in chosen deposits, like BPR deposits, ensuring diversification for LPS guarantees.
Interest from deposits can be withdrawn yearly for living expenses, with options for automatic rollover to extend deposits and continue earning interest.