My first official saving account was with POSB (Post Office Savings Bank, renamed as POSBank in 1990). We students in the primary school were encouraged to start a Saving Account by “Buying and Pasting Stamps”. Of course at that time, the POSB was related to the Post Office!
This is the “Save At School” stamp card where one will buy stamps and paste them on a card until it is completed. The teacher will then collect it and hand it to the bank on our behalf.
You see it’s only 5cents stamp at that time.
I know that later they even have this Squirrel Savers’ Club.
Do you know how my first POSB bank book looks like? Guess it’s slightly bigger size than now and over the years, they have made some changes. Anyway, here is my first or probably second and third POSB bank book – the light blue was the 2nd one and the darker blue was the 3rd one. Maybe I’ve lost the 1st one!
Let me show you the inside and you will know how rich I was then haha;
It was written as 1972 and handwritten (not printed on it). I was Primary 4 (10yrs old) then.