395 



POST OFFICE SAVINGS BANKS, WITH GOVERNMENT 



SECURITY. 



Advantages to Depositors, 



Security. The Post Office Savings Banks are established by Act of 

 Parliament, and every depositor has the direct security of the State for 

 the repayment of his deposits. 



Deposits. Any sum from a shilling upwards, excluding pence, may 

 be deposited at one time, and any number of deposits may be made in 

 the course of a year (ending 31st December) up to a limit of 50/. A 

 person may have 200/. in all on his Deposit Account, including interest. 



Withdrawals can be made with the utmost promptitude by sending 

 notice by post to the London Chief Office on the form provided for the 

 purpose, which is obtainable at any Post Office Savings Bank, and payment 

 can be received at any Post Office Savings Bank in the United Kingdom 

 convenient to the Depositor without regard to the Office of deposit. 

 During any year ending 31st December, a depositor may replace the 

 amount of any one withdrawal previously made in the same year. 



Interest at the rate of 2/. IO5. per cent, per annum is allowed on 

 every complete pound deposited so long as the sum to a depositor's 

 credit does not exceed 200/. Whenever the balance exceeds that sum 

 interest will be allowed on 200/., and the excess will be invested for the 

 Depositor in G-overnment Stock unless the Depositor should otherwise 

 direct. 



Transfer from a Trustee Savings Bank. If a Depositor in a 

 Trustee Savings Bank wishes to place his money in a Post Office 

 Savings Bank, he should apply to the Trustees of the Savings Bank for 

 a Certificate of Transfer (in the form prescribed by the 10th Section of 

 the Act 24 Vict. c. 14), and should pay the certificate into any Post 

 Office Savings Bank as if it were a cheque. By adopting this course, 

 the Depositor will avoid trouble and the risk of carrying cash from one 

 bank to the other. 



Depositor's Book can be used at any Post Office Savings 

 Bank. A Depositor may add to his deposits, or withdraw the whole or 

 any part of them, at any Post Office Savings Bank in the United 

 Kingdom, without change of deposit book. 



Nominations. A Depositor of the age of 16 years, or upwards, may^ 

 subject to certain limits, nominate any person to receive his Savings 

 Bank deposits at death. A form for the purpose may be obtained, free 

 of cost, from the Controller of the Savings Bank Department. 



SECREcr. The strictest secrecy is observed with respect to the names 

 and addresses of Depositors in Post Office Savings Banks, and the amounts 

 deposited or withdrawn by them. 



Postage Free. No charge for postage is made to a Depositor, if in 

 the United Kingdom, for any letter passing between him and the Chief 

 Office on Post Office Savings Bank business. 



