The duration is, as can be imagined, 4 years and the return is fixed, in fact it is paid in full upon maturity. Like all other BFPs, they are issued by Cassa Depositi e Prestiti, guaranteed by the State and placed on the market by Poste Italiane.
The minimum amount to invest is 50 euros and can reach up to a maximum of 1 million euros per day, always within the limits of the new liquidity paid.
At the end of the 4 years, after the expiry, the period within which it is possible to collect the invested capital and interest begins.
As for the placement, it is scheduled to run until May 7, 2026, although it can be terminated early.
The savings account requirement
Premium 4-year postal savings bonds are dedicated to holders of Smart or ordinary savings accounts who bring new liquidity.
This term refers to all sums of money that increase the balance of the passbook or BancoPosta current account, net of any withdrawals from 8 April to 7 May 2026 (unless early closure), in the following ways:
- by bank transfer;
- by paying bank checks or bank drafts;
- with credit of salary or pension.
In the event that the new liquidity is paid into BancoPosta current accounts or other postal savings accounts, it must be transferred to the Smart savings account to purchase the postal voucher only via girofondo.
How to buy them
4-year Premium postal vouchers can only be purchased in dematerialized form for amounts equal to 50 euros and multiples of this amount at the post office if you are the holder of a Smart or ordinary passbook not enabled for online device services, bringing with you your identity card or other valid identification document and your tax code.
If you want to save time and avoid queues at the counter, you can book the appointment on the company’s official website or from the Poste Italiane app.
Alternatively, you can purchase online or from the app if you have a Smart booklet enabled for online device services.
The interest rate and the statute of limitations
The 4-year Premium postal voucher has a fixed rate at maturity of 3% gross per year. Interest is calculated on an annual basis and paid together with the amount invested only at the end of four years. After this period, the vouchers become interest-free: they no longer produce interest.
You can request reimbursement of these Bfp only until the statute of limitations, which occurs 10 years after the expiry of the paper voucher. In this case it is no longer possible to collect either the invested capital or the accrued interest as the amount flows into the fund set up at the Ministry of Economy and Finance for:
- compensate victims of uncompensated unjust damage;
- compensate victims of financial fraud.
Precisely for this reason, Poste Italiane always invites customers to check the expiry date of paper securities. If the latter is not visible on the title, for information you can contact:
- to post offices;
- consult the official Post Office website;
- call the toll-free number 800.003322.
With the 4-year Premium voucher, however, there is no risk of statute of limitations as upon expiry the liquidated amount is credited to the settlement account which can be a BancoPosta current account or a postal savings book.
However, the security must have the same name as the account which therefore cannot be extinguished in the presence of existing vouchers. If you have dematerialized BFPs, it is also possible to indicate a different settlement account provided that it has the same name as the original one.
How much do 4-year Premium BFPs make
Here is an example of performance:
If you subscribe to a 4-year Premium voucher worth 3,000 euros, from the calculator made available by Poste Italiane, it can be seen that the net reimbursement value upon expiry will be 3,329.46 euros. However, this calculation does not include the stamp duty which is calculated based on current legislation and at the time of reimbursement.
What is the tax regime for savings bonds
If you decide to invest money in postal savings bonds, it is also important to understand how they are taxed. They provide a very clear and advantageous tax regime, designed to protect the saver and simplify the management of the income deriving from the investment.
The interest accrued is subject to a substitute tax of 12.50%, the same rate foreseen for government bonds such as Bot, Btp, CTtz according to the provisions of Legislative Decree 239/1996. Persons who do not reside in Italy, however, do not pay this tax if the legal conditions are met.
The vouchers are then exempt from inheritance tax and are subject to stamp duty only if their total value exceeds 5,000 euros.
Finally, together with government bonds and savings books, they are excluded from movable assets for the purposes of ISEE calculation up to an overall limit of 50,000 euros per family unit. In this way they do not affect the calculation of social benefits.
