I can remember when Citizens National Bank on Market Street paid 3% interest on my passbook savings account. I would walk in every six months or so, and Gloria Richardson would take my passbook to a counter in the back, do some magic with an electric calculator, bring my passbook back and use a rubber stamp to mark the date and then add in the magic interest numbers.
You can't get 3% anymore and no bank has used passbook savings account in probably 40 years or more.
(excerpt)
65 YEARS AGO TODAY- JUNE 30, 1959
Salisbury Daily Times
*July, 1939
Worcester Democrat
March, 1897
Morning Herald (Baltimore)
July, 1952
Baltimore Sun
1 comment:
I can remember when Citizens National Bank on Market Street paid 3% interest on my passbook savings account. I would walk in every six months or so, and Gloria Richardson would take my passbook to a counter in the back, do some magic with an electric calculator, bring my passbook back and use a rubber stamp to mark the date and then add in the magic interest numbers.
You can't get 3% anymore and no bank has used passbook savings account in probably 40 years or more.
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