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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.
This 1869 deposit book would be carried by the customer, and is a typical record of a British Post Office Savings Bank savings account.. In 1861, Great Britain became the first nation to offer such an arrangement.
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 ...
National Savings and Investments was founded by the Palmerston government (following a suggestion made 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 ...
The Post Office Savings Bank Bill was passed in Parliament on 30 July 1971 and the bank ceased to be a branch of the Postal Services Department on 1 January 1972 after the 1971 Post Office Savings Bank of Singapore Act came into effect in that year. [9] [10]
These accounts were run by J.P. Morgan Europe Ltd on behalf of the Post Office. To open an account, you must have been in receipt of benefits and a referral is made via Jobcentre Plus. New applications for a Post Office card account were closed on 11 May 2020, with existing accounts remaining open until November 2022.
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