This money is not allowed to lie idle.
Under the skilled direction of the bank officers, the money, instead of lying idle in the vaults, is invested in many ways, but always in accordance with the laws of the state under which the bank is chartered.
Much of the money is invested in mortgages on real estate, never on personal property.
National bank stocks, sound railroad bonds, and other forms of reliable interest security are fields for the investment of savings bank funds.
Savings banks are subject to the periodic inspection of state officers appointed for the purpose.
The failure of a savings bank through bad investments or the dishonesty of officials is very rare.
Avoid all banks that promise more than the regular rate of interest.
Private banks may be, and usually are, honestly conducted, but to be safe, deposit only with a bank that is regularly chartered and is subject to the inspection of the law.
The savings bank is the best for the wage earner.