The postal savings, as they like to repeat every time that there is the possibility, is one of the cornerstones of the economic and financial structure of Italian families. A choice that until a few years ago made great sense: in fact, we had a decidedly idyllic situation: good returns, guaranteed capital and simple tools.
But what about postal deposits today? Am I really the only or the most advantageous alternative for those who want to save without risk?
What the postal deposit offers today at the level of instruments
The tools for postal deposit, or for that saving method that provides for the simple deposit of money in exchange for which Poste Italian offers a fixed or variable interest rate, are practically the same since the Unification of Italy:
- postal booklets: which today are declined in various instruments, which however always maintain their fundamental structure;
- postal savings bonds: equally guaranteed securities that do not, however, allow booklets to operate in the “minimum current account” style, with relatively higher yields.
Regardless of the different configurations that the “deposit” idea assumes within Poste Italian, in the precise historical moment we are facing we can, unfortunately (and you will understand later why I say unfortunately), make some general considerations.
Yields are at historic lows
It is no mystery to anyone: on the one hand the yields of guaranteed and safe instruments are at an all-time low and on the other Poste Italian offers yields linked to those of Italian bonds.
In both cases, the interest offered for Poste Italian’s deposit products decreased considerably, reaching the paradoxical level of 0.01% for some products.
If Athens cries, it was once said, Sparta does not laugh: the booklets yield little and even postal savings bonds, among other things at much more demanding conditions for the saver, yield very little more.
As for the income, therefore, there is very little to laugh about. I already know that maybe you are thinking about the security that these products offer you, the security that could make you accept even very low interests. Even on that front, however, Poste Italian may have nothing more to offer than the banks do today, let’s see it right away.
Bank deposit accounts are also “guaranteed”
How much do you have to invest? If you have more than 100,000 euros you should organize a strategy other than mere postal deposit. If you have less than 100,000 euros, you are also protected by a very common deposit account offered by a bank.
Yes: under 100,000 euros, a complete protection of the sums paid by the Interbank Guarantee Fund applies.
A protection that is equal, if not superior, to that of the Cassia Deposit E Prostate, an entity that is instead responsible for the guarantee on postal deposits.
If you were going to accept a very low return in exchange for a “superior protection” from the post office, you were very wrong!
What to do? Completely abandon postal deposits?
At least until conditions change, definitely yes. On My Business you can find complete reviews and guides as a guide to investment, guides that can show you the most convenient way for your savings.
Among the products that I always recommend to my readers you will find the deposit account, a tool that has perfect features or almost perfect for the small and medium saver who does not want to take risks:
- higher returns than those offered by Poste Italian, even in the case in which options without constraints were to be chosen;
- same level of security as postal deposits, at least if we have to invest less than 100,000 euros.
If the deposit account is not for you, you can think of following, depending on the amount of capital you have available, several guides that I have already prepared for you, regardless of the level of risk you want to give yourself.
You can find them all on My Business!