THE POST OFFICE SAVINGS BANK IS A Pataka for Money

Te Ao Hou, Summer 1954, Page 66

THE POST OFFICE SAVINGS BANK IS A Pataka for Money In olden times they knew how wise it was to save. In their patakas they stored kumaras and other food. If the hunting or snaring or fishing was not good—there were the kumaras they had saved so they wouldn't be hungry. The Post Office Savings Bank is a modern-day pataka for money. Instead of spending all your money till it is gone, buy the things you need and save the rest. Very quickly even little sums of money grow into a big amount. Little bits you don't even miss! This is how the Post Office Savings Bank works. You just go to the Post Office counter and tell the man ‘I want to start a Post Office Savings Bank Account, please’ and give him the money you want to start the account with. This is called ‘making a deposit’. He will want to know your name and your address so the Bank people will always know which money is yours. Then he will give you a little book called your ‘Bank Book’. It has the amount you gave him written in. That's how much money you have in the Post Office Savings Bank. You take the little book with you every time you are depositing more money because the new amount has to be added to what is already in the Bank. If you want your money, or any part of it, back afte a while to pay for something, the man will show you how to write out the form and then he will give you your money. The Bank will always have money to pay you because the Bank has a great amount of money, paid in by thousands of people, Maori and Pakeha, young people and old people. And the Post Office Savings Bank pays you interest on your money. In one year £100/0/0 becomes £102/10/0 when the Bank adds payment. If you have £50 it is an extra half £2/10/0; £50 becomes £51/5/0. Every amount grows bigger each year. Save for the things you want—with a Post Office Savings Bank Account. Depostit some money, even a little bit, every week. ISSUED BY THE POST OFFICE