BENEFITS OF USING A SAFE DEPOSIT BOX
Your items are protected from fire, flood, or other natural disasters at home
A natural disaster can destroy much more than the house itself. It can destroy memories — like photographs, jewelry, birth certificates, and other important records. You should keep your most valued possessions, copies of your important papers, and even your photographs in digital form in a safe deposit box away from the house.
It’s a cost-effective way to keep valuables private and safe
Only you know what’s inside your safe deposit box — not the bank, not your relatives, not anyone that you don’t personally tell yourself. The cost for a safety deposit box varies depending on size. Rental fees are charged annually.
- The smallest box offered is 3″ x 5″ and 20.5″ inches deep. Rent is $20 a year.
- The largest box offered is 10″ x 10″ and 20.5″ inches deep. Rent is $80 a year.
Your items are protected from theft at home
Your valuables can’t be stolen from your home if they’re not there. A safe deposit box is a great way to give you that extra peace of mind — just in case your home is ever burglarized. Opt for a bank safe over a home safe. While home safes can be had for as little as $99, they’re much easier for thieves to crack. Most home safes weight less than 100 lbs, so it’s not that difficult for thieves to walk off with your safe — and your valuables. That’s not going to happen with a bank safe, which is both heavily guarded and securely constructed.
Your items are protected from being lost or misplaced.
If you’re the type to misplace papers and other items, then you might benefit from using a safe deposit box instead of trying to keep things organized at home.
Your family members will know where to find your important papers
If you have a copy of something important (like your will or insurance papers) in a safe deposit box, your family members will be able to retrieve those items if you, personally, cannot.
The safe deposit boxes located at YNB Main are secured in an underground vault for additional security.