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Safe deposit box rates and restrictions

How big a safe-deposit box do you need? It depends on what you're storing. The bigger the box, the more expensive it'll be per year to keep it. Some banks or branches may let you access the box at any time, while others restrict access to when the bank is open.

For details and the latest sizes, prices and restrictions for safe-deposit boxes, contact your bank for more information.

Institutions
Typical box dimensions in inches
(annual fees)
Unlimited access
Access times
Key deposit fee
Fee to replace key
Drill
fee
How can fees be waived?
Banks
 
 
 
 
 
 
 

Bank of America/
NationsBank
Charlotte, N.C.
704-386-5000

Various sizes:
2X5 ($30); 10X10 ($100); 17X15 ($190)
Yes
Bank hours
$25
$20
$150
Package accounts get $30 discount
 
         
 
 
Chase Manhattan
New York, N.Y.
800-CHASE24
60 different sizes;
2X5 ($65)
Yes 
Bank hours
No 
$10 
$65 
Certain package accounts 
 
         
 
 
Citibank
New York, N.Y.
800-321-2484
Various sizes:
2X5 ($20); 24X48 ($3,318); 24X65 ($6,492)
Depends on branch
Some special hours
No
$15
$150
N/A
 
         
 
 
First Union
Charlotte, N.C.
704-374-6161
Various sizes:
2X5 ($70); 3X5 ($80); 12x20 ($560)
Depends on branch
Some special hours
No
Locksmith fee
Locksmith fee
With certain accounts, box is free; others give discounts;
e.g.: Performance Account and Resource Checking
 
         
 
 
Wells Fargo
San Francisco, Calif.
800-869-3557
Varies. Most common are 2X5 ($40); 4X5 ($55); 10X10 ($120)
Yes
Bank hours
$20
Locksmith fee
Locksmith fee
Discounts with some packaged accounts
           
 
 
Institutions
Typical box dimensions in inches
(annual fees)
Unlimited access
Access times
Key deposit fee
Fee to replace key
Drill Fee
How can fees be waived?
Thrifts          
 
 
California Federal
San Francisco, Calif.
800-CALFED4
Various sizes:
3X5 ($25); 9X16 ($100); 20X20 ($125)
Yes
Bank hours
No
$10 to open a new box
$20
$20
N/A
 
         
 
 
Charter One Bank
Cleveland, Ohio
800-553-8981
Various sizes:
3X5 ($20); 5X10 ($55); 12X17 ($125)
Yes
Bank hours
No
$15
$150
N/A
 
         
 
 
Dime Savings Bank *
New York, N.Y
800-843-3463
*Must be a customer to open any size box.
3X5 ($48.75) up to 10X10 ($324.75)
Yes
Bank hours
No
$20
$150
N/A
 
         
 
 
Washington Mutual Bank
Stockton, Calif.
800-788-7000
Varies:
2X5 ($25); 3X5 ($45); 6X10 ($110)
 Yes
Bank hours
 No
 $10
 $100
Some discounts up to branch
 
         
 
 
World Savings Bank
Oakland, Calif.
510-446-3300
2X5 (No fee with $10,000 in bank in package accounts); 3X5 (No fee with $20,000 in bank in package accounts)
Yes
Bank hours
$10
$100
Depends on locksmith
$75
N/A
           
 
 
Institutions
Typical box dimensions in inches
(annual fees)
Unlimited access
Access times
Key deposit fee
Fee to replace key
Drill Fee
How can fees be waived?
Credit union
         
 
 
State Employees Credit Union
Raleigh, N.C.
919-839-5002
Various sizes:
3X5 ($20); 3X10 ($30); 5X10 ($40)
Yes
Bank hours
No
$10
Locksmith fee
N/A
Source: Bankrate.com researchers Marlys Falkner and Judy Simon

 

-- Posted: Sept. 22, 1999

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