By the same authors

Depositor trends in the Limehouse Savings Bank, London between 1830 and 1876.

Research output: Working paper

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DatePublished - 2012
PublisherEuropean Savings Bank Group
Place of Publicationwww.esbg.eu/uploadedFiles/perriton.pdf
Number of pages30
Original languageEnglish

Abstract

The Limehouse Savings Bank (previously the Limehouse Provident Institution for Savings) was founded in 1816, one of the many savings banks that were formed in the early decades of the 19th Century in Britain. This paper reports the preliminary analysis of the Limehouse data, which uses social, rather than occupational, categories of savers, as its main focus, the movement between different categories of account holders and the patterns of use in accounts in two sample years. The lack of historical pattern of account use data has been detrimental to our understanding of savings banks in the 19th century and the ways in which they informed the development of commercial retail banking. This paper demonstrates that not only is it possible to discern the ways in which ordinary workers were using a standard product offering but that there is clear evidence of savers attempting to manufacture their own financial products out of the standard offering. The research offers an insight into the possibilities of patterns of use data for historical savings bank research and in demonstrating the significance of the savings bank movement to low wage financial management strategies.

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