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A certificate of a $5 deposit in the United States Postal Savings System issued on September 10, 1932. The United States Postal Savings System was a postal savings system signed into law by President William Howard Taft and operated by the United States Post Office Department, predecessor of the United States Postal Service, from January 1, 1911, until July 1, 1967.
Canada Post offered banking services via its Post Office Savings Bank, created by the Post Office Act in April 1868, less than a year following the nation's confederation. A century later, the Post Office Savings Bank was shut down in 1968–69. [4]
These accounts were run by J.P. Morgan Europe Ltd on behalf of the Post Office. To open an account, you must have been in receipt of benefits and a referral is made via Jobcentre Plus. New applications for a Post Office card account were closed on 11 May 2020, with existing accounts remaining open until November 2022.
Most of these types of accounts require you to save or spend the funds for specific purposes, such as retirement accounts, like 401(k) plans and IRAs, education savings accounts (529 plans) and ...
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along ...
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