Postal savings bonds (BFP) are guaranteed by the State, issued by Cassa Depositi e Prestiti (CDP) and distributed by Poste Italiane.
Good news for Italian savers who have signed postal savings bonds with Italian post.
In fact, the Cassa Depositi e Prestiti is considering raising interest rates on some securities. The news, not yet confirmed, is reported by the MilanoFinanza newspaper.
Postal savings bonds: rise in interest rates, good news for savers
It would seem that Dario Scannapieco, CEO of Cassa Depositi e Prestiti, is considering the possibility of raising the interest rate of some postal savings bonds.
Already in June there were some news on this and that would have anticipated this choice.
Indeed, the new 3 × 4 and 4 × 4 postal savings bonds offer really attractive rates. Respectively of 1% and 1.25% gross per year. On the other hand, the 5 × 5 title, that is the one that had an investment up to 25 years and with a rate of 1.50%, has disappeared.
It seems that the increase in interest rates could be 1% or more.
Postal vouchers have a low but safe return and are still guaranteed by the state. Currently follow the multi-year text coupons (BTP).
BTPs have had an increase in subscriptions in recent months just as inflation has been rising. As a result, the world’s banks have raised interest rates. According to projections, the ECB should bring them to 0.75% by the end of the year. Please note that the rate is currently 0.50%.
The rate hike will also affect postal savings bonds. Therefore, for savers, choosing a BTP or a BFP could be indifferent.
In reality, the difference exists even if it is purely technical. For example, the advantage of postal savings bonds is that they can be divested at any time. The investor would still have a 100% refund.
Instead, BTP investors have to wait for the bond’s maturity, which, as we know, can also be very long. On the other hand, however, the coupon of these is always paid, while that of the postal vouchers goes in increments. For example, if the saver sells the security after 8 years, the interest collected will be up to the sixth year.
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