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
Samuel Bourne Bevington
VD, JP. Son of James Bevington. A member of the Bermondsey leather manufacturing dynasty and a philanthropist. Colonel commanding 3rd Volunteer Battalion The Queens Royal West Surrey Regiment 18...
The King's Road
It derives its name from the fact that It was King Charles II’s private road to Kew and wasn’t opened to the general public until 1830. Mary Quant opened her shop ‘Bazaar’ here in 1955. Along with ...
Terry Smith
Chairman of the Sir Keith Park Memorial Campaign. Spent 3 years and millions of dollars to get the Keith Park statue erected. In 2011 this earned him, a Brit, the title normally given to a NZ cit...
Tom Thornton
Newspaper proprietor and campaigner. Born in Norwood. He became owner and editor of the Beckenham Journal, and used his influence in helping to establish the Croydon Road Recreation Ground. His pre...
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