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
Tattersalls race horse auctioneers
Founded at Hyde Park Corner by Richard Tattersall (1724–1795) it stayed in the Tattersall family until about WW2. The business had to move from 'the Corner' due to the lease running out and the la...
St Pancras Basin
Formerly known as the Midland Railway Basin (though we could find nothing under thatn name). Opened as a coal wharf. 1958 converted to a pleasure craft area. Now home to the St Pancras Cruising C...
Baring Bros & Co Ltd
Bank. Founded as the John and Francis Baring Company. Despite surviving the Great Depression and two world wars, it was brought down due to unauthorized trading by its head derivatives trader Nick ...
Chris Blackwell
Businessman and record producer. Born Christopher Percy Gordon Blackwell in Westminster.
Comments are provided by Facebook, please ensure you are signed in here to see them