RT019 National Savings

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RT019 - Edition 2,000

National Savings

During the first world war (WWI 1914 to 1918) the government needed to both reduce borrowing and to raise funds for the war effort. Consequently, the National Savings Movement was established in 1916 to encourage the British people to 'save and prosper'. The National Savings Movement grew from volunteers who were organised into Local Savings Committees, which in turn, were supported by national committees and civil servants. Savings products were sold directly to the public and the funds were sent to the government. The range of products included, saving stamps, certificates, and bonds, which were provided not only by the Post Office Savings Bank, but by other banks and financial institutions, such as building societies. We show the advertising for National Savings on an RT from the 1960’s.

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