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Here in Cyprus, some local banks offer up to 12.5% yearly interest on bank deposits. Out of your 500K you can get monthly $5200. You can rent a crazy villa with a pool for 2K per month and live like a king with the rest. No need to buy a house and get tied to a place. Check it out, it is an EU country, very popular tourist destination. Life is peaceful, very low crime rate. The island has nice resorts and sandy beaches, lots of sunshine. A lot of people from UK immigrate here.
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