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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.
In the United States, the United States Postal Savings System was established in 1911 under the Act of June 25, 1910 (36 Stat. 814). It was discontinued by the Act of March 28, 1966 H.R. 8030 (89th Cong.) (80 Stat. 92 ).
Depositors in the system were initially limited to hold a balance of $500, but this was raised to $1,000 in 1916 and to $2,500 in 1918. The initial minimum deposit was $1. In order to save smaller amounts for deposit, customers could purchase a 10-cent postal savings card and 10-cent postal savings stamps to fill it.
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1966 - United States ends its postal savings system. 1967 21 August - first stamps of Afars and Issas; 1967 4 September - first stamps of Anguilla; 1968 17 January - first stamps of British Indian Ocean Territory; 1968 19 November - first regular stamps of Barbuda; 1968 - United States initiates priority mail as a type of first-class mail.
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The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively. ... And 401(k) plans offer the ...
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.