Investing in Time deposits
Time deposit is one of the financial services that a bank offers to its clients.
It is defined as a "deposit of funds in a savings institution under an agreement stipulating that the funds must be kept on deposit for a stated period of time, or the institution may require a minimum period of notification before a withdrawal is made." Time deposits pay interest at a higher rate than the regular savings deposit, checking, or money market accounts. However, time deposits cannot be withdrawn anytime prior to maturity date without paying a penalty.
It is even possible to live off on your time deposit interest with out having to work or do business anymore