What is the best postage?

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What is the best postage?


Postal Savings Bonds (Bfp) are instruments issued by Cassa Depositi e Prestiti guaranteed by the Italian State and placed exclusively by Poste Italiane. Given the rather low yields, it would be more appropriate to define the Bfp of savings tools, more than an investment; in fact, they can be a cheaper alternative to simply keeping cash in a checking account.

The BFP there are no subscription or redemption fees (net of tax charges), accrue fixed or increasing interest, are subject to12.5% ​​substitution tax and I am exempt from inheritance tax.

BFP paper or dematerialized?

BFPs can be subscribed via paper or on the way dematerialized in denominations of 50 euros or multiples. In the first case, you will have to go to a post office to sign a physical document and, in the same way, present it for early or due repayment.

The saver, in fact, will be responsible for the safekeeping of the paper title. THE Paper BFPs expire ten years after the title expires and, in this case, the saver loses the right to receive reimbursement of the capital and accrued interest. Please note that paper vouchers are indivisible and there is no possibility of partial refund.

THE dematerialized securities are represented by a accounting entry made on a current account and can also be partially reimbursed in compliance with minimum denominations and multiples. These securities are not subject to prescription: at maturity, in fact, the sums relating to the principal and interest are automatically transferred to the current account indicated.

To avoid the risk of losing your paper title, avoid queues at the Post Office, automatically benefit from reimbursements on your account and take advantage of the possibility of redeeming even partially your investment at any time, choosing the dematerialized form of the title rather than the paper form can be objectively advantageous.

In the event of early redemption, the saver will always receive the full capital invested (net of tax charges) as well as the related accrued interest, provided that it is the unpaid period has already passedthat is to say that the minimum number of months provided for in the Summary Sheet for the recovery of accrued interest on the chosen instrument has elapsed.

Which BFP to choose?

I guarantee postal savings bonds some feedback (though limited) and are suitable for risk averse individuals and/or investors with minimal experience who prefer to receive some return on capital that is uncorrelated to financial market performance. The range of products offered is quite wide and meets multiple needs.. Let’s see what postal interest bonds are currently in place.

In terms of yield, the interest-bearing bond offering the best annual yield (at maturity) is the Good 4×4. For those who do not wish to invest in such a long-lasting instrument, but who at the same time do not have very short-term needs, even the Good 3×4 it can represent an interesting alternative in terms of accumulated capital at maturity. Investors who want to use their money in a short-term instrument could subscribe to the Good 4 years of simple savings with a savings plan, invest in several instruments with different maturities in order to also capitalize the reward yield offered in the case of at least 24 periodic subscriptions. In any case, if purchased for babies or young children, among those described, the instrument with the most palatable performance is certainly the Well dedicated to minors.

In conclusion, as we have seen, BFPs are very low-risk instruments, which can meet the need to increase to a limited extent or maintain the value of their capital over time; moreover, they are also suitable for investors with little experience in financial instruments. Considering the existence of several types of Bfp, they are able to satisfy different needsdepending on whether the investor is in the short, medium or long term, whether the investment serves as an annuity on retirement or as initial capital to begin adult life with more serenity.

The types of BFP available

  • Good 4×4: the good 4×4 has one 16 year term and interest accrues at the end of each four-year period (the fourth, eighth, ninth and twelfth years). As with the 3×4, the capital invested can always be repaid, while interest is only payable every four years. The gross annual yield of the instrument, assuming it is held until maturity, is equal to 0.75%.
  • Very ordinary: the Ordinary Coupon has a 20 year term and accrues interest at the end of the first year. The capital invested will always be repayable, while interest will only be payable after the first year, then every two months. The gross annual yield of the instrument, assuming it is held to maturity, is 0.30%.
  • Good 5×5: the good 5×5 has a 25 year term and bears interest at the end of each five-year period (the fifth, tenth, fifteenth, twentieth and twenty-fifth years). The capital invested can always be repaid, while interest is only payable every five years. The gross annual yield of the instrument, assuming it is held to maturity, is 1.50%.

  • Good 4 years of simple savings: the 4-year “Epargne Simple” check has a 4 year term and can only be subscribed by those who have already activated a “Risparmiosemplice” savings plan. The signature of the bond in the Plan makes it possible to constitute periodic provisions to constitute a capital intended for for social security purposes. The standard annual yield to maturity of 0.25% can increase up to 0.50% (reward yield) in the case of a minimum of 24 periodic subscriptions.
  • Voucher dedicated to minors: the voucher dedicated to minors can be subscribed to the advantages of the youngest, with interests that they mature to 18 with a fixed return. The annual yield to maturity is 2.50%.
  • Good goal 65: Good Goal 65 is purchasable up to 54 years and allows you to receive a pension from age 65 to 80.

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