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Could cumulative interest on bank deposits be called passive income?
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[QUOTE="Alexandoy, post: 146291, member: 25510"] In the olden days the compounding of interest on bank deposits was common. But now that is not practiced anymore. However, a big deposit in the bank that would earn a good rate of interest is definitely a passive income. If I have a deposit of $100,000 that would earn me an interest of $5,000 in one year for a 5% annual interest. That is pretty good for a passive income. [/QUOTE]
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Could cumulative interest on bank deposits be called passive income?
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