POST OFFICE SAVINGS BANKS.
+■ The following are the regulations for the above Banks : — 1. Interest at the rate of 4& per cent, per annum is given on £200 and under ; at the rate of 4 per cent, per annum on sums under £500; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be allowed on more than £500. 2- Depositors in the Post-office Savings Banks have dire.ct Government seourity for the prompt payment of their money. 3. A depositor in any one of the Postoffice Banks may continue his deposit in any other of such Banks, and can withdraw his money at that Post-office Bmk which is most convenient to him. 4. The strictest secrecy is observed with respect to the Names of the Depositors in Post-office Banks, and the amounts of their deposits. 5. Money may be deposited by or on behalf of minors. Depositors over seven years of age are treated as persons of full age, but minors under seven yeara of age cannot withdraw their deposits until they have reached the age of seven. 6. Applications to the Chief Offices in each Province on the business of Post-office Savings Banks, and the replies sent thereto are free from charge or postage.
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https://paperspast.natlib.govt.nz/newspapers/BH18860618.2.25
Bibliographic details
Bruce Herald, Volume XVII, Issue 1759, 18 June 1886, Page 4
Word Count
213POST OFFICE SAVINGS BANKS. Bruce Herald, Volume XVII, Issue 1759, 18 June 1886, Page 4
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