updated 11/15/2005 12:24:00 PM ET 2005-11-15T17:24:00

The cost of mailing a letter will increase to 39 cents on Jan. 8.

The Postal Service’s board of governors approved the two-cent increase in first-class postal rates late Monday. It is the first increase since June 2002.

The cost of mailing a postcard will increase a penny, to 24 cents, as part of the roughly 5.4 percent, across-the-board hike in most rates and fees.

The increase fulfills a requirement, passed by Congress in 2003, that the Postal Service establish a $3.1 billion escrow account. Congress is to determine later how to spend that money. The Postal Service said without the mandate it would not have had to raise rates next year.

The Postal Service has more than $69 billion in annual revenue.

Other rate changes include:

  • First-class letter, one ounce, up 2 cents to 39 cents.
  • First-class letter, two ounces, up 3 cents to 63 cents.
  • Post card up 1 cent to 24 cents.
  • Priority Mail, one pound, up 20 cents to $4.05.
  • Express Mail, 8 ounces, up 75 cents to $14.40.
  • Express Mail, 2 pounds, up 95 cents to $18.80.
  • Certified mail up 10 cents to $2.40.
  • Delivery confirmation (priority) up 5 cents to 50 cents.
  • Delivery confirmation (first-class parcels) up 5 cents to 60 cents.
  • Return receipt (original signature) up 10 cents to $1.85.
  • Return receipt (electronic) up 5 cents to $1.35.
  • Money orders up 5 cents to 95 cents.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.32%
$30K home equity loan FICO 5.05%
$75K home equity loan FICO 4.50%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 10.98%
10.98%
Cash Back Cards 16.43%
16.43%
Rewards Cards 16.00%
16.00%
Source: Bankrate.com