Evening Republican, Volume 17, Number 288, Rensselaer, Jasper County, 3 December 1913 — Deposits in Local Postal Savings Bank Total $5,073. [ARTICLE]

Deposits in Local Postal Savings Bank Total $5,073.

There are 43 accounts remaining open at the local postal savings bang, the postoffice, with a total amount on deposit to date of $5,073.. This money is redeposited in the First National Bank, which was designated by the department to receive the funds. Money deposited in the postal savings bank draws interest at the rate of 2 per cent per annum. It is the acme of security, as the government thus becomes your banker. Five years ago when there was a great amount of talk about the guarantee of bank deposits the law was enacted. The ‘public, .however, has used it in a limited way, and evidently most people prefer having their funds deposited where they can be checked upon as a matter of business convenience.