Poste Italiane launches 3‑year‑by‑4‑year savings bond with 6% loyalty bonus

Poste Italiane's Cassa Depositi e Prestiti will issue a new 3×4 savings bond (Buono 3×4) beginning 8 April 2026. The 12‑year product offers step‑up interest—1.00% after three years, 1.50% after six, and 2.00% after nine—reaching a gross annual yield of about 2.87% by the end of the term. Investors who keep the bond for the full period receive a one‑time loyalty premium of 6% calculated on the original nominal amount, boosting the overall return. The bond is guaranteed by the Italian State, carries a reduced 12.5% tax on interest (vs. the standard 26%), and accepts subscriptions from €50 in multiples with no management or subscription fees. Early redemption is permitted but forfeits the loyalty premium and halts interest accrual at the point of withdrawal, effectively encouraging long‑term holding.