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
George Rae
Born Aberdeen. An authoritative figure in the Victorian banking community, he co-founded the Association of Country Bankers and was a founder and trustee of the Institute of Bankers. He was a champ...
Akram Miknas
Born in the Lebanon. Resident in Bahrain. Founder and CEO of the Promoseven Network. He's on Facebook and has an on-line museum.
Helen Carte
Born Wigtown, Scotland as Susan Helen Couper Black. Later changed "Black" to "Lenoir", apparently the family's original name in 17th century France. Starting as secretary to Richard D'Oyly Carte s...
Caparo Group
Company, based in Portland Place, founded by Lord Paul, specialising predominantly in the manufacture of steel, automotive and general engineering products.
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