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Post Office Squirrel Savings Account
The Post Office Squirrel savings account was a New Zealand savings programme set up through the New Zealand Post Office The New Zealand Post Office (NZPO) was a government department of New Zealand until 1987. It was previously (from 1881 to 1959) named the New Zealand Post and Telegraph Department (NZ P&T). As a government department, the New Zealand Post Office ... to encourage younger citizens to save money. It is no longer active. The School Savings Bank scheme was established in 1934 to encourage children to save money regularly, with the hope that when they left school they would continue to make regular deposits from their wages. The squirrel mascot and phrase "be squirrel wise" were in use by the mid-1950s. Initially children bought stamps in small denominations from their teacher, which were then swapped for a deposit in the child's bank account. Later children were able to bring cash to school and deposit it in their account. One day a week was 'banking day' at scho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Account
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online. People deposit funds in savings account for a variety of reasons, including a safe place to hold their cash. Savings accounts normally pay interest as well: almost all of them accrue compound interest over time. Several countries require savings accounts to be protected by deposit insurance and some countries provide a government guarantee for at least a portion of the account balance. There are many types of savings accounts, often serving particular purposes. These can include accounts fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Post Office
The New Zealand Post Office (NZPO) was a government department of New Zealand until 1987. It was previously (from 1881 to 1959) named the New Zealand Post and Telegraph Department (NZ P&T). As a government department, the New Zealand Post Office had as its political head the Postmaster General, who was a member of Cabinet, and, when it was a separate department, the Minister of Telegraphs. The NZPO was similar to the British Post Office or ''GPO'', and so was similar to European ''PTT'' or postal, telegraph and telephone services, which were government monopolies. History 19th century Official postal services started in New Zealand after Captain William Hobson arrived in the Bay of Islands and took up his role as Lieutenant-Governor. Hobson appointed William Clayton Hayes as Clerk to the Bench of Magistrates and Postmaster and the first official post office was opened at Kororareka, now called Russell. Hayes holds the distinction of being New Zealand's first civil servant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |