THE FIRST SAVINGS BANK.
In the year 1799 the door of the first savings bank in the United Kingdom was opened in the vestry of the parish church at Weudover, in Buckinghamshire. Tho rector, the Eev. John Smith, with a few of the churchwardens, agreed to receive weekly any sum not less than 2d. from any poor parishioners who were able and willing to save from their earnings, the condition being that if the sum deposited' were left until the Christmas following a bonus of Id. would be added to the amount.
This local and philanthropical effort was followed in 1810 by the first so- ( called “ Bank for Savings,” opened and 1 conducted on something like business lines. This was started by a Scotch* clergyman, and from this unpretentious rural bank may be said to have the_systcm of trustee savings banks.
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Waimate Daily Advertiser, Volume IV, Issue 209, 29 May 1902, Page 4
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141THE FIRST SAVINGS BANK. Waimate Daily Advertiser, Volume IV, Issue 209, 29 May 1902, Page 4
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