The National Savings Movement first
started in 1916 to encourage the British people to 'save and
"Savings groups were formed in factories, shops, clubs, etc. and
an appointed collector did the rounds each week to collect the
savings and issue certificates."
THE NATIONAL SAVINGS MOVEMENT
THE POST OFFICE OFFERS YOU THREE WAYS IN WHICH YOUR SAVINGS CAN BE MADE
OF GREAT USE TO THE NATION WITH FULL SECURITY FOR THE REPAYMENT OF YOUR
[Extract from 101 ways to save money in
wartime.] With thanks to Andrew Moore of [www.universalteacher.org.uk] South Hunsley School and the East Riding of
The price of the Certificate is 15s. and the period of
maturity 10 years. The value (with interest) will be 17s.
6d. after 5 years and 20s. 6d. after 10 years. Certificates
can be cashed at a few days' notice with interest accrued.
Limit of 500 Certificates (including earlier issues).
Defence Bonds can be bought in multiples of £5, up to a
limit of £1,000, at the rate of £5 for £5 Bonds. Interest 3
per cent. per annum, payable half-yearly on 1st May and 1st
November. The Bonds are repayable seven years from date of
purchase at £101 per £100 Bonds, or at par [face value] on
six months' notice at any time. (The notice will be waived
in a case of urgent need subject to an adjustment of
POST OFFICE SAVINGS BANK Deposits up to £500 in a year.
Interest 2½ per cent. per annum. Any increase in the money
deposited in the Post Office Savings Bank will be serving
the same national purpose as money invested in Savings
Certificates or Defence Bonds, particularly if the money is
not withdrawn too quickly.
SAVE BY LENDING AND LEND BY SAVING