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Post Office Savings Bank became National Savings Bank in 1969, later renamed National Savings and Investments (NS&I), an agency of HM Treasury. While continuing to offer National Savings services, the (then) General Post Office , created the National Giro in 1968 (privatized as Girobank and acquired by Alliance & Leicester in 1989).
National Savings and Investments was founded by the Palmerston government (following a suggestion by George Chetwynd, a clerk in the Money Order department of the General Post Office) [4] in 1861 as the Post Office Savings Bank, the world's first postal savings system. The aim of the bank was to allow ordinary workers a facility "to provide for ...
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 ...
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 ...
The General Post Office (GPO) [1] was the state postal system and telecommunications carrier of the United Kingdom until 1969. [2] Established in England in the 17th century, the GPO was a state monopoly covering the dispatch of items from a specific sender to a specific receiver (which was to be of great importance when new forms of communication were invented); it was overseen by a ...
In 1965 a white paper "A Post Office Giro" was published, outlining a system which would use post offices as its business outlets, with automated central processing of transactions. [6] By September 1965, a central site was chosen at Bootle in Lancashire. [6] The Post Office bought land on the site of sidings of the North Mersey Branch railway.
The movement was created in March 1916 as the National Savings Committee and this was supplemented by volunteer local committees and paid civil servants. A number of different organisations were loosely affiliated to make up the movement, including the Trustees Savings Banks and National Savings (previously the Post Office Savings Bank).
Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services to the public through its nationwide network of around 11,500 ...