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safety deposit box options?

476 289 November 19, 2011 at 08:03 AM
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I have currently started acquiring some physical valuables such as gold and silver and have some other things I'd like to put into safe keeping. I have chase bank, Can I just walk into chase and say I want a safety deposit box? How much do they normally cost? Is there any other options out there? I have also heard people say they are going with credit unions a lot and don't know too much about them but thought that might be an option.

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#2
Umm, all if this could be accomplished with a call to Chase bank Smilie
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#3
its going to cost you. you might want to look into buying a safe at a sporting goods or home improvement store. if you live in the midwest there is a large one on sale at menards on black friday for 399.
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#4
Quote from l0veyoul0ngtime
:
I have currently started acquiring some physical valuables such as gold and silver and have some other things I'd like to put into safe keeping. I have chase bank, Can I just walk into chase and say I want a safety deposit box? How much do they normally cost? Is there any other options out there? I have also heard people say they are going with credit unions a lot and don't know too much about them but thought that might be an option.
its about $72 + $10 setup fee from chase per year. if you have a premier account its free, you just pay the initial $10 set up fee.

here is more info
http://www.bankrate.com/brm/news/...90922a.asp
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Last edited by spyderdsm November 19, 2011 at 07:44 PM. Reason: added more info link
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#5
Quote from silenze
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its going to cost you. you might want to look into buying a safe at a sporting goods or home improvement store. if you live in the midwest there is a large one on sale at menards on black friday for 399.
Problem with safes is if they are small enough that you can move them somebody can just steal it, if it is large enough that you can't move it then it is much larger than 99% of people would ever need and probably expensive.

Quote from spyderdsm
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its about $72 + $10 setup fee from chase per year. if you have a premier account its free, you just pay the initial $10 set up fee.

here is more info
http://www.bankrate.com/brm/news/...90922a.asp
Keybank has free boxes as well with some of their higher tier accounts. I would guess most banks/credit unions do.
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#6
Quote from Oats
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Problem with safes is if they are small enough that you can move them somebody can just steal it, if it is large enough that you can't move it then it is much larger than 99% of people would ever need and probably expensive.
Smaller safes often have an option to bolt them down from the inside. A couple of bolts into your foundation and it's not going anywhere.
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#7
Quote from Oats
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Problem with safes is if they are small enough that you can move them somebody can just steal it, if it is large enough that you can't move it then it is much larger than 99% of people would ever need and probably expensive.


Keybank has free boxes as well with some of their higher tier accounts. I would guess most banks/credit unions do.
that 400 dollar safe he is talking about is about 300lbs.

chase rents the smallest box for 20 dollars, at least the one by me.
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#8
dick's sporting goods has the same 24 gun safe on sale this week. pricing may be regional.
it fits a small child so you can save on babysitting costs as well.
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#9
Quote from l0veyoul0ngtime
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I have currently started acquiring some physical valuables such as gold and silver and have some other things I'd like to put into safe keeping. I have chase bank, Can I just walk into chase and say I want a safety deposit box? How much do they normally cost? Is there any other options out there? I have also heard people say they are going with credit unions a lot and don't know too much about them but thought that might be an option.
Ironic that you are buying physical gold and silver yet still want to keep it safe in a bank. That is funny shit.
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#10
Quote from saladdin
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Ironic that you are buying physical gold and silver yet still want to keep it safe in a bank. That is funny shit.
One would hope if the bank goes under the SD boxes are not raided by the FDIC... Who knows what would happen in widespread panic though!

Quote from silenze
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dick's sporting goods has the same 24 gun safe on sale this week. pricing may be regional.
it fits a small child so you can save on babysitting costs as well.
Well, as long as you store the guns in there too so they would have something to play with.
EEK!
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#11
Quote from l0veyoul0ngtime
:
I have currently started acquiring some physical valuables such as gold and silver and have some other things I'd like to put into safe keeping. I have chase bank, Can I just walk into chase and say I want a safety deposit box? How much do they normally cost? Is there any other options out there? I have also heard people say they are going with credit unions a lot and don't know too much about them but thought that might be an option.
not sure if any credit unions offer safe deposit boxes. since you are already a chase bank customer, then find their location , which is closer to you and in safer area and open the locker. for premier checking , the yearly fees for the smallest box is waived off. Else it begins with 25 per year and onwards for larger size boxes.
some locations also have a waiting period.
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#12
Quote from silenze
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dick's sporting goods has the same 24 gun safe on sale this week. pricing may be regional.
it fits a small child so you can save on babysitting costs as well.
Will that safe fit inside my uncle's walk-in gun vault?

Bank safe deposit boxes here seem to cost the same, whether you have an account with them or not (but some accounts include a free box), and I think we pay $35/year for a fairly large one.

Another one of my uncles, a former burglar, recommends that any home safe be in the floor and the contents put in watertight containers.
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#13
Small town banks, that are not Wall Street Banks - normally offer 1/2 off on SDB's when you have either a Checking and/or Savings Account with them - our STB offers a SDB for $12 per year - that is the discounted price. Would I bank at a Wall Street Bank - HELL NO !!!

When it comes to a safe - go top of the line - try American Security for a safe - and yes, it would be bolted to the floor - and if you are going to store guns as well in it - get a "golden rod" to keep the humidity level down inside of it - so it should be located where there is an outlet for this.

Please, do not buy one from Home Depot or Lowe's - I could push that over with my hand - and break into it within minutes - they are the biggest pieces of crap I've ever laid my hands on. The one's at Dick's aren't much better.

Want to see a "really good safe" - go to a Shooting Range - and you will see some of the best safes there - expect to pay $1,000 and up for one - but that was the price we paid years ago for ours - and it depends on the size that you purchase and the amenities you choose for inside of it - as with American Security Safes - you can customize them - from only gun safes - to all shelves - or any configuration you want.

Would I keep Precious Metals in a SDB - HELL NO !!!
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#14
Quote from larrymoencurly
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Will that safe fit inside my uncle's walk-in gun vault?

Bank safe deposit boxes here seem to cost the same, whether you have an account with them or not (but some accounts include a free box), and I think we pay $35/year for a fairly large one.

Another one of my uncles, a former burglar, recommends that any home safe be in the floor and the contents put in watertight containers.
Glad to know you have such informative relatives - and floor safes - do not require that the contents such as precious metals be in watertight containers - as normally you would be lining it as well - when installing it. There are other ways to hide such objects as well, that I'm sure you uncle could tell you about Wink
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