From Tottenham Quakers "In 1798 Priscilla Wakefield founded the first "frugality bank" in England. This she founded at Ship Inn Yard in Tottenham. It was intended to help people on lower incomes to save money. There were facilities for women and children to save what they could from their income and soon it became a safe and profitable place of saving for labourers and servants. Members paid, according to age, a sum of money each month to entitle them to a pension after age 60 and money if they were sick. Children were encouraged to save a penny a month towards clothing and apprenticeships. The immense success of this enterprise meant that similar "savings banks" spread throughout the country. They were eventually nationalised in 1865 when the Post Office Savings Bank was established. Penny savings banks continued in schools until 1919, when they were absorbed into the Post Office Savings Bank."
This section lists the memorials where the subject on this page is commemorated:
Penny Savings Bank
Commemorated ati
Priscilla Wakefield
Our colleague Alan Patient took a photo of this plaque in 2008 and tells us i...
Other Subjects
Foyles bookshop
Created by William and Gilbert Foyle. See William for more information. For more on old London bookshops see Spitalfields Life.
Sun Public House
This pub was destroyed in a WW2 air raid shortly before closing time on 25th September 1940. The plaque says that 20 people were killed; Pubwiki puts the number at 16. The site stood empty for many...
Highgate's original Gate House
Erected at the entrance to the Bishop of London's Park.
John Kemp-Welch
Say what you like about estate agents, they are sometimes extremely helpful when trying to identify people of property from the past. Courtenays have published some of the history of the Clapham Ab...
Captain Charles Algernon Fryatt
Master mariner. Born Southampton. From Hellfire Corner : Captain of the Great Eastern Railway Company's steamer Brussels, he in utter defiance of the Germans continued to work the Rotterdam-Briti...