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...
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United Kingdom Temperance & General Provident Institution
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George Baxter
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Susanna Annesley Wesley
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London County Council
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London School of Tropical Medicine
This school was founded in 1899 at the Albert Dock Seamen's Hospital by Patrick Manson, the Chief Medical Officer to the Colonial Office. The School moved to he Endsleigh Gardens site in 1920. The ...
Camille Pissarro
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Society of Black Lawyers
Legal group established with the objectives of working towards the elimination of racial discrimination within the legal profession and the achievement of true equality of opportunity and equal acc...
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