0 a bank that only offers accounts where your money earns interest --
1 a bank whose main purpose is to provide savings accounts for customers: --
It provides 13 more kinds of investment for a trustee savings bank.
I do not think that the term "trustee savings bank" will last very long.
We have 58,000 depositors to-day in that savings bank alone, with an average balance of £102.
On the other hand, if he put a similar sum into a savings bank it is counted against him.
If he puts it into a trustee savings bank, what interest does he get on that £500?
They have overlooked the necessity of providing for a mass of other savings bank legislation, which it would be necessary to apply.
The fact is that to-day there are no very special privileges attaching to an account in a trustee savings bank.
These societies act, as a trustee savings bank acts, for a considerable percentage of the population.
