Are Safety Deposit Boxes Safe. A safety deposit box offers privacy and security at a price that most of us can afford. Bank vaults of course are harder to break into and are located in secure areas with alarms video cameras and top.
However they are not perfect by any means and are not designed to store all of your precious valuables. Clearly bank safe deposit boxes arent. No federal laws govern the boxes.
How safe to store things in the safe deposit box also depends on the types of items you store inside since it affects the accessibility of the owners.
Once you pick a safe deposit box let someone know where the box is. A safe deposit box on the other hand is generally a small container kept securely in the confines of a bank or a private vault. That means your private safe deposit box is safe. This problem looms on a much larger scale in a way that could impact the retirement of tens of millions of Americans.
