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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 from 1936. [5] 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. [6] It was the world's first postal savings system.
Canada Post offered banking services via its Post Office Savings Bank, created by the Post Office Act in April 1868, less than a year following the nation's confederation. A century later, the Post Office Savings Bank was shut down in 1968–69. [4]
Although many big, traditional banks offer savings accounts with paltry interest rates as low as 0.01 percent, you can find accounts with rates well above 4 percent, mostly at online-only banks ...
Offering higher interest rates that can pay out up to 10 times the 0.42% national average of a traditional savings account, a high-interest savings account is an ideal way to grow your idle cash ...
Online banks typically offer far higher rates than traditional brick-and-mortar branches, which translate to better returns, giving you a more efficient way to save and reach financial goals.
Post Office Savings Bank is a name used by postal savings systems in several countries, including: New Zealand, later renamed the PostBank; United Kingdom, later renamed the National Savings and Investments; Singapore, later renamed POSB Bank; Kenya, also known as the Kenya Post Office Savings Bank; Austra, also known as the Österreichische ...
🔍 See our methodology for the best online high-yield savings accounts: ... You can open this account online in about five minutes, but there’s a $500 minimum opening deposit requirement ...