Where Did Piggy Banks Come From and What Did the Name Piggy Bank Mean Originally?

In medieval England, pots and dishes were made from a clay known as “pygg,” and it was common practice to save spare change in a kitchen pot.

Around 1600, an English potter who was unfamiliar with this custom was asked to make a pygg bank.

He misunderstood, and thought it was supposed to be a clay vessel in the shape of the animal.

The end result was a clay pig with a slot in its back.

The piggy bank was born and is still popular today.