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
King William Street underground station
The station took over an existing building, number 46, entrance and booking hall on the ground floor with offices above. Became obsolete when the line was extended to Moorgate and was demolished in...
Mont Blanc restaurant
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Courage Brewery
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Petticoat Lane Market
By 1608 this street was known as Peticote Lane for the second-hand clothes, etc. which were bought and sold here, right on the boundary with the City. In about 1830 the street name was changed to M...
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