A safe deposit box might still be your best option for storing physical items like jewelry, coins, and other collectibles. But if you're only looking to store paper documents, you might want to ...

Depending on the size of the safe deposit box, you could pay anywhere from $15 to $350 per year to rent one. When you open a safety deposit box, your financial institution will create two keys.

According to Business Insider, the average annual cost of a safe deposit box ranges from $10 to $160, depending on the size. Follow us on Facebook, Instagram, X (Twitter,) LinkedIn, and TikTok!

It’s best not to hide cash in a safe deposit box. It won’t be insured, and you won’t gain interest on your money if it’s in a box. Some banks don’t even allow cash to be stored inside a ...

Money in a safe deposit box will not earn interest, so the purchasing power of your cash will decrease. Your bank may also limit, through its rental agreement, your ability to keep cash in the box.