From Tottenham Quakers "In 1798 Priscilla Wakefield founded the first "frugality bank" in England. This she founded at Ship Inn Yard in Tottenham. It was intended to help people on lower incomes to save money. There were facilities for women and children to save what they could from their income and soon it became a safe and profitable place of saving for labourers and servants. Members paid, according to age, a sum of money each month to entitle them to a pension after age 60 and money if they were sick. Children were encouraged to save a penny a month towards clothing and apprenticeships. The immense success of this enterprise meant that similar "savings banks" spread throughout the country. They were eventually nationalised in 1865 when the Post Office Savings Bank was established. Penny savings banks continued in schools until 1919, when they were absorbed into the Post Office Savings Bank."
This section lists the memorials where the subject on this page is commemorated:
Penny Savings Bank
Commemorated ati
Priscilla Wakefield
Our colleague Alan Patient took a photo of this plaque in 2008 and tells us i...
Other Subjects
Bazaar, Kings Road
The first Bazaar boutique was opened by Mary Quant at 138a Kings Road, in 1955. More information and photos at our Image Source, the magnificent Another Nickel in the Machine. Quant opened a second...
Old Serjeant's Inn
There is a 53 page, privately printed history of the Old Serjeants Inn, published in 1912 by the Law Union and Rock Insurance Company Ltd, who acquired the property in 1909.
William Alfred Westropp Foyle
Founded Foyles Bookshop in 1903. Born Shoreditch, the 7th child of a 7th child of a 7th child. William and brother Gilbert opened their first bookshop in Islington, moved to Peckham and then Ceci...
Ibstock Building Products Ltd
From their website: "... clay and concrete building products, building the face of Britain for over 200 years."
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