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
Vernon W. Hill II
Co-funder of the Reagan statue. American businessman and banker.
Robert Horner
Last private owner of Spitalfields fruit and vegetable market. Came from Essex, worked in the market and managed to buy the lease in 1875. Forced to sell to the City of London in 1920.
Bagnigge House
The house was built on the site of the, supposedly holy, Bagnigge Wells (mineral springs) in 1678. Nell Gwynne was supposed to have lived in this house. The picture shows the house c. 1790. In th...
Wilkinson Sword Company
The company was founded as a manufacturer of guns made in Shotley Bridge, County Durham, by Henry Nock in London when he opened premises in Ludgate Hill. 1804, James Nock was appointed Gun Maker to...
Comments are provided by Facebook, please ensure you are signed in here to see them