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
Sir Henry Tate
Merchant and philanthropist. Born at White Coppice, near Chorley, Lancashire. By the time he was thirty-five he had established a successful chain of grocery stores. In 1872 he purchased the patent...
Charles Cheers, Baron Wakefield of Hythe CGE, LLD
Charles Cheers Wakefield was born and raised in Liverpool. (Cheers was his mother's maiden name). Became an oil-broker, founding his own firm in 1899, C.C. Wakefield & Co. later Wakefield Oil C...
Person, Commerce, Lord Mayor, Philanthropy, Politics & Administration
Highbury Barn
Long a rural pleasure resort for Londoners it became notorious in 1861, when Edward Giovanelli demolished the old buildings and built a lavish pleasure ground which attracted large crowds, includin...
Brabant weavers
The Brabant describes a part of the low countries to the east of Flanders. Weavers had come to England from the Brabant and Flanders during the 12th century.