postal savings
Postal savings are a type of savings account offered by postal services, allowing individuals to deposit money and earn interest. These accounts are typically available at post offices, making them accessible to a wide range of people. They provide a safe place to save money, often with lower minimum balance requirements compared to traditional banks.
Many countries have established postal savings systems, such as the United States Postal Service and Japan Post Bank. These systems aim to promote savings among the public and can also help fund government projects. Postal savings are often seen as a reliable option for those who may not have access to conventional banking services.