Business · Markets · 11 hrs ago

Poste launches a new savings bond for minors with a 5% gross annual rate

Poste launches a new savings bond for minors with a 5% gross annual rate

Poste has introduced a new series of its savings bond for people under 18 in Italy.

The series is identified as TF118A260922.

The bond is guaranteed by the Italian state.

Its stated annual interest rate is 5% before deductions.

The bond is a savings option designed specifically for minors.

The stated rate gives families a headline figure for the bond’s return, but the available information does not explain other terms or how much savers would receive.

No further changes or next steps are specified.

Sources

Related news