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A certificate of a $5 deposit in the United States Postal Savings System issued on September 10, 1932. The United States Postal Savings System was a postal savings system signed into law by President William Howard Taft and operated by the United States Post Office Department, predecessor of the United States Postal Service, from January 1, 1911, until July 1, 1967.
Logo used by the Post Office (and later the National) Savings Bank. The Post Office Savings Bank (POSB) was founded in 1861 by the Palmerston government following a suggestion by George Chetwynd, a clerk in the Money Order department of the General Post Office. [5] It was the world's first postal savings system.
[25] [26] This included the provision of children's savings accounts known as Post Office Squirrel savings account. The Post Office Savings bank was split into PostBank in 1987 and was acquired by ANZ Bank New Zealand two years later ending the bank.
Let’s break down these key differences. With savings accounts, your money stays protected — a $10,000 deposit remains $10,000, plus the interest you earn.
Get today's best rates on high-yield and traditional savings accounts to quickly grow your everyday nest egg. ... Yes, you can still find APYs of up to 5.50% post–Fed cut (for now) — Sept. 23 ...
The Post Office had long been an agent for National Savings and Investments (NS&I), which was originally the Post Office Savings Bank but is now a wholly separate institution. From November 2011, only Premium Bonds could be bought in Post Offices, but the 156-year relationship ended in August 2015 when Premium Bonds became the final NS&I ...
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