In addition, the management, additional security and Insurance plus the oversight required for a high security safe deposit box facilities cost too much. No bank really wants a client back of house as they see this practice as risky. Therefore, they no longer see safe custody and SDB’s as a service to be continued.

These feature layers of security, and are accessible anywhere where there is an internet connection.One main reason is that Safe Deposit Boxes are not the core business model offered by banking institutions. If you decide to store valuable documents at a home safe, it's a good idea to make copies of all your vital records on a cloud storage software programme in case of a fire or flood. You'll also need to pay a professional locksmith to bolt the safe into the ground. Yes, but it's important to factor in the cost of a good safe, which can run into thousands of pounds.

Outside of London, Birmingham Safety Deposit Ltd offers 13 different sizes of boxes, starting from £215 a year.Īlternatively, the State Bank of India has storage facilities across the UK, covering Leicester, Manchester and Wolverhampton, with prices starting from £150 a year. They now offer short term rent options for a small box from £110.īanks and depositories outside the capital Or you could deposit your goods with the Royal Mint at its Welsh headquarters. Selfridges offers document-sized boxes, available from £180 a year, underneath its Oxford Street shop and you can add up to three extra people to a safe-deposit boxaccount. Do bear in mind that Harrods will vet every applicant for a safe-deposit boxwhich takes up to three working days. If you're looking for a well-known brand, you could lock up your loadat Harrods, which currently hasa few spaces left for small items in London.Īlthough you currently won't be able to store anything larger than a necklace or watch, prices start from £450 a year and include public liability insurance up to £10,000. One we looked at, called Sharps Pixley, offer safe-deposit boxes starting at £250 per year, with insurance liability cover up to £10,000 included. They are offered by many jewellers and bullion brokers, whichallow you to buy and sell gold and other precious metals. If you're in London, there are plenty of options. Independent safe-deposit box firms have sprung up all over the country since banks began exiting the sector a decade ago. Lloyds Bank is considering bringing back safe-deposit boxesand toldWhich? Money that it was looking to test the boxes in branches in 2017. If you're not based in the South East, however, there may soon be a chance to rent abox with a national banking giant.

Banks near me with safe deposit boxes