Days Until World Savings Day

About World Savings Day

October 31 traces back to the first International Savings Bank Congress held in Milan in 1924, where delegates from 27 countries established the day to promote the importance of savings for individuals and economies.

It has historically been marked with particular prominence in several European countries with strong savings-bank traditions, promoting financial literacy and responsible personal saving habits.

The 1924 Milan congress that created the day took place amid the economic instability of the interwar period, when promoting personal savings was seen as a matter of both individual and national financial resilience.

Several European countries with strong postal-savings-bank traditions, including Germany and Austria, have historically marked the day with particularly prominent bank-sponsored promotional events aimed at encouraging children's savings habits.

Postal savings banks, a common institution in early 20th-century Europe, were specifically designed to make basic savings accounts accessible to working-class citizens who might not have qualified for accounts at traditional commercial banks.