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
Sandra Esquilant
Landlady of the Golden Heart pub since 1978 and, in 2002, voted into 80th place in a list of the 100 most powerful figures in contemporary art. See the Telegraph for more.
John Heathcoat
Inventor and businessman. Born Derbyshire. Invented a machine for manufacturing a new type of lace, bobbin net, and went on to manufacture and sell lace. 1815 he bought a mill in Tiverton, moved th...
John Courage
Born Aberdeen. Came to London in 1780 as a shipping agent. He bought the Private House and Old Brewhouse at Horselydown in 1787 and developed it into a thriving business. Died London.
Anglo-Brazilian Society
Established to promote close and friendly relations between Brazil and Britain, and to increase British people's knowledge of Brazil and its culture.
Lord Ritchie of Dundee
Chairman of the Port of London Authority in 1935.
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