Savings initiatives and their history…

These days, many of us have a very organised approach to personal finances, allocating our money into shares based ISA accounts and pension pots. But have you ever given a second thought to where savings initiatives came from or how they have changed over the years?

Online investment company, True Potential Investor, have taken a deeper look into the history of savings initiatives. Did you know… that the first known building society formed for groups of individuals who were looking to help each other to buy property? Or that the Bank of England was founded towards the end of the 17th century to fund the war effort against France? How about that the Amsterdam Stock Exchange was believed to be the world’s first stock market?

Take a couple of minutes to browse through this well-illustrated graphic below…

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