Heck all towns have a post office. From 1911 to 1967 the United Postal Service offered savings accounts with an annual interest capped at 2 percent. Bringing back postal service savings accounts could be an opportunity for the Post Office System to generate new revenue.
Britain, France, China, and Japan include banking service as part of their Post Offices. The United States Postal Service prints money orders, electronically transfers funds, and cashes U.S. Treasury checks for consumers. The U.S. Postal Service would be a logical choice for expanding banking services.
The American Postal Workers Union has formed a coalition to facilitate the implementation of Postal Banking Services. This could give elder community members an easy access to banking services. The Postal Service has a public mission to serve citizens and support the growth of commerce.
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