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Auckland Savings Bank

@Alexander Eee

In 1847… The bank opened to receive deposits for an hour each Saturday evening in the new brick store on Queen St belonging to John Montefiore, one of its 17 founding trustees. When Matthew Fleming made the first deposit of £10 two weeks later, it was secured in Montefiore’s fireproof safe. By the end of the year, 14 Pākehā and seven Māori had opened accounts with a total balance of £166 4s. From May 1848, deposits earned 5 percent interest. … source Auckland Savings Bank opens for business.

Auckland Savings Bank forms part of the heritage landscape of Auckland, learn more about Heritage buildings in Auckland.

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