© Reuters. Poste Poste launches savings bonds for minors with yields of up to 6%
Subscription at the counter for the new postal vouchers dedicated to minors will start from 20 February, with the yield increasing based on age. There are no subscription and redemption costs, except for tax charges
Poste Italiane (BIT:) began placing a series of postal savings bonds dedicated to minors, from 0 to 16 and a half years, issued by Cassa Depositi e Prestiti and guaranteed by the Italian State. There are no costs for subscription and redemption, except for tax charges. The yield? It reaches up to 6%.
PERFORMANCE GROWS WITH AGE
The performance of good yielders changes depending on age, starting from the date of subscription and until the holder turns 18. The good ones recognize a increasing fixed return, provide for preferential taxation at 12.5%, like a government bond and are exempt from inheritance tax. The yield starts from 2.5% gross of the first year to get to 6% upon the holder’s 18th birthday…
** This article was written by FinanciaLounge